Oracle Power (LON:ORCP) Stock Price Down 15.2% – Here’s What Happened

Shares of Oracle Power plc (LON:ORCP) were down 15.2% during trading on Monday . The stock traded as low as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). Approximately 189,125,000 shares traded hands during trading, an increase of 418% from the average daily volume of 36,526,172 shares. The stock had previously closed at GBX 0.03 ($0.00).

Oracle Power Stock Performance

The firm has a market capitalization of £1.94 million, a PE 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 quick ratio of 5.67, a current ratio of 3.74 and a debt-to-equity ratio of 9.98.

About Oracle Power

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.