Oracle Power (LON:ORCP) Shares Down 16.7% – Should You Sell?

Oracle Power plc (LON:ORCP) was down 16.7% during mid-day trading on Thursday . The stock traded as low as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). Approximately 1,514,661,750 shares were traded during mid-day trading, an increase of 4,350% from the average daily volume of 34,036,824 shares. The stock had previously closed at GBX 0.04 ($0.00).

Oracle Power Price Performance

The firm has a market cap of £2.38 million, a price-to-earnings ratio of -3.10 and a beta of 1.44. The stock has a 50-day moving average of GBX 0.02 and a 200-day moving average of GBX 0.02. The company has a current ratio of 3.74, a quick ratio of 5.67 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.