Orca Exploration Group (CVE:ORC.B) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

Orca Exploration Group Inc (CVE:ORC.B) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$3.50 and traded as low as C$3.26. Orca Exploration Group shares last traded at C$3.30, with a volume of 8,658 shares.

Orca Exploration Group Stock Performance

The stock has a market cap of C$65.22 million, a price-to-earnings ratio of 4.02 and a beta of 0.28. The company has a current ratio of 2.16, a quick ratio of 1.80 and a debt-to-equity ratio of 40.57. The stock’s 50-day moving average is C$3.50 and its 200-day moving average is C$3.49.

Orca Exploration Group Company Profile

Orca Exploration Group Inc explores for, develops, produces, and sells petroleum and natural gas to the power and industrial sectors in Tanzania. The company principally holds interests in the Songo Songo natural gas field that includes two blocks covering an area of approximately 41,630 acres located to the south of Dar Es Salaam. It also holds oil and gas exploration and appraisal interests in Italy. The company was formerly known as EastCoast Energy Corporation and changed its name to Orca Exploration Group Inc in April 2007.