Oracle Power (LON:ORCP) Trading 11.5% Higher – Time to Buy?

Oracle Power plc (LON:ORCP) was up 11.5% during trading on Thursday . The company traded as high as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). Approximately 149,103,641 shares were traded during mid-day trading, an increase of 273% from the average daily volume of 39,980,402 shares. The stock had previously closed at GBX 0.03 ($0.00).

Oracle Power Price Performance

The firm has a market capitalization of £1.79 million, a P/E ratio of -3.10 and a beta of 1.44. The company has a current ratio of 3.74, a quick ratio of 5.67 and a debt-to-equity ratio of 9.98. The business’s fifty day moving average is GBX 0.02 and its 200 day moving average is GBX 0.02.

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.