Oracle Power (LON:ORCP) Trading Up 8.3% – Here’s What Happened

Oracle Power plc (LON:ORCP)’s share price shot up 8.3% during mid-day trading on Tuesday . The company traded as high as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00). 92,924,867 shares traded hands during trading, an increase of 231% from the average session volume of 28,105,359 shares. The stock had previously closed at GBX 0.01 ($0.00).

Oracle Power Stock Up 20.0 %

The firm has a market cap of £2.68 million, a P/E ratio of -3.10 and a beta of 1.44. The company’s 50-day simple moving average is GBX 0.02 and its 200 day simple moving average is GBX 0.02. The company has a debt-to-equity ratio of 9.98, a current ratio of 3.74 and a quick ratio of 5.67.

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.