Oracle Power (LON:ORCP) Trading Up 7.7% – Still a Buy?

Shares of Oracle Power plc (LON:ORCP) shot up 7.7% on Thursday . The company traded as high as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). 116,809,289 shares changed hands during trading, an increase of 193% from the average session volume of 39,849,656 shares. The stock had previously closed at GBX 0.03 ($0.00).

Oracle Power Trading Down 7.7 %

The company has a quick ratio of 5.67, a current ratio of 3.74 and a debt-to-equity ratio of 9.98. The firm has a market cap of £1.79 million, a PE ratio of -3.10 and a beta of 1.44. The company’s 50 day moving average price is GBX 0.02 and its two-hundred day moving average price is GBX 0.02.

Oracle Power Company Profile

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.