OPG Power Ventures (LON:OPG) Trading 16.5% Higher – Here’s What Happened

OPG Power Ventures Plc (LON:OPG)’s stock price was up 16.5% during trading on Friday . The company traded as high as GBX 6.10 ($0.08) and last traded at GBX 6 ($0.08). Approximately 1,389,315 shares were traded during mid-day trading, an increase of 212% from the average daily volume of 445,277 shares. The stock had previously closed at GBX 5.15 ($0.06).

OPG Power Ventures Stock Performance

The business’s fifty day moving average price is GBX 7.13 and its two-hundred day moving average price is GBX 9.11. The company has a debt-to-equity ratio of 16.80, a quick ratio of 0.32 and a current ratio of 1.54. The stock has a market capitalization of £23.24 million, a P/E ratio of 580.00, a P/E/G ratio of 0.15 and a beta of 0.71.

OPG Power Ventures Company Profile

OPG Power Ventures Plc, together with its subsidiaries, develops, owns, operates, and maintains private sector power projects in India. The company operates 414 MW of thermal power and 62 MW solar power assets. It primarily sells electric power to public sector undertakings and heavy industrial companies.