Oracle Power (LON:ORCP) Trading Up 11.5% – Here’s What Happened

Oracle Power plc (LON:ORCP) traded up 11.5% during mid-day trading on Thursday . The stock traded as high as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). 149,103,641 shares were traded during trading, an increase of 273% from the average session volume of 39,980,402 shares. The stock had previously closed at GBX 0.03 ($0.00).

Oracle Power Trading Up 11.5 %

The stock has a market cap of £2.16 million, a P/E ratio of -3.10 and a beta of 1.44. The stock’s fifty day moving average is GBX 0.02 and its 200 day moving average is GBX 0.02. The company has a debt-to-equity ratio of 9.98, a quick ratio of 5.67 and a current ratio of 3.74.

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.