Orca Exploration Group (CVE:ORC.B) Sets New 12-Month Low – What’s Next?

Shares of Orca Exploration Group Inc (CVE:ORC.BGet Free Report) hit a new 52-week low on Tuesday . The stock traded as low as C$2.56 and last traded at C$2.56, with a volume of 10800 shares trading hands. The stock had previously closed at C$2.73.

Orca Exploration Group Stock Down 6.2%

The company has a debt-to-equity ratio of 40.57, a quick ratio of 1.80 and a current ratio of 2.16. The firm has a fifty day simple moving average of C$2.86 and a 200-day simple moving average of C$3.41. The company has a market capitalization of C$50.69 million, a PE ratio of 4.13 and a beta of 0.86.

About Orca Exploration Group

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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.

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