Oracle Power (LON:ORCP) Trading Up 7.7% – Here’s Why

Oracle Power plc (LON:ORCP)’s stock price shot up 7.7% during mid-day trading on Thursday . The company traded as high as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). 116,809,289 shares traded hands during mid-day trading, an increase of 193% from the average session volume of 39,849,656 shares. The stock had previously closed at GBX 0.03 ($0.00).

Oracle Power Trading Up 11.5 %

The stock’s 50 day simple moving average is GBX 0.02 and its two-hundred day simple moving average is GBX 0.02. The stock has a market capitalization of £2.16 million, a PE ratio of -3.10 and a beta of 1.44. The company has a debt-to-equity ratio of 9.98, a current ratio of 3.74 and a quick ratio of 5.67.

About Oracle Power

Oracle Power plc engages in the exploration and development of coal in Pakistan. It is also involved in building a mine-mouth power plant. The company primarily holds interests in the Thar Block VI project that covers an area of 9,100 square kilometers located in the Thar Province of Pakistan. In addition, it holds interest in the gold licenses, including Jundee East project that comprises 29 blocks covering and area of approximately 89.3 square kilometers; and the Northern Zone project, which covers an area of 82 hectares located in Western Australia, as well as develops green hydrogen project in Pakistan.