Oracle Power (ORCP) Given Not Rated Rating at Shore Capital

Shore Capital restated their not rated rating on shares of Oracle Power (LON:ORCP) in a research report report published on Thursday morning, Digital Look reports.

Shares of ORCP traded down GBX 0.01 ($0.00) during midday trading on Thursday, hitting GBX 0.38 ($0.00). The company had a trading volume of 1,696,451 shares, compared to its average volume of 318,565. The company has a market capitalization of $4.79 million and a P/E ratio of -3.80. Oracle Power has a 52 week low of GBX 0.33 ($0.00) and a 52 week high of GBX 1.35 ($0.02).

In other Oracle Power news, insider Mark Steed purchased 1,100,000 shares of the firm’s stock in a transaction dated Thursday, February 28th. The stock was acquired at an average cost of GBX 1 ($0.01) per share, with a total value of £11,000 ($14,373.45).

About Oracle Power

Oracle Power PLC engages in the exploration and development of coal in Pakistan. The company also builds a mine-mouth power station. It primarily holds interests in the Thar Coalfield Block VI license area that covers an area of approximately 9,100 square kilometers located in the Sindh Province, southern Pakistan.

Read More: Price to Earnings Ratio (PE)

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