Orca Exploration Group (CVE:ORC.B) Reaches New 52-Week Low – Here’s What Happened

Orca Exploration Group Inc (CVE:ORC.BGet Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$2.25 and last traded at C$2.25, with a volume of 11493 shares changing hands. The stock had previously closed at C$2.31.

Orca Exploration Group Stock Performance

The stock’s 50-day simple moving average is C$2.72 and its 200-day simple moving average is C$3.24. The stock has a market cap of C$44.47 million, a price-to-earnings ratio of -3.46 and a beta of 0.95. The company has a current ratio of 2.16, a quick ratio of 1.80 and a debt-to-equity ratio of 40.57.

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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