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

Orca Exploration Group Inc (CVE:ORC.B – Get Free Report) reached a new 52-week low on Monday. The stock traded as low as C$2.24 and last traded at C$2.24, with a volume of 3249 shares changing hands. The stock had previously closed at C$2.34.

Orca Exploration Group Stock Performance

The company has a debt-to-equity ratio of 40.57, a current ratio of 2.16 and a quick ratio of 1.80. The business has a 50-day simple moving average of C$2.57 and a 200 day simple moving average of C$3.07. The firm has a market cap of C$44.27 million, a PE ratio of -3.45 and a beta of 0.95.

Orca Exploration Group Company Profile

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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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