OPG Power Ventures (LON:OPG) Trading Down 7.7% – Here’s Why

OPG Power Ventures Plc (LON:OPG) fell 7.7% during mid-day trading on Tuesday . The stock traded as low as GBX 5.70 ($0.07) and last traded at GBX 6 ($0.08). 190,680 shares were traded during mid-day trading, a decline of 57% from the average session volume of 444,094 shares. The stock had previously closed at GBX 6.50 ($0.08).

OPG Power Ventures Trading Down 7.7 %

The firm’s 50-day moving average price is GBX 6.93 and its 200-day moving average price is GBX 9.01. The company has a market cap of £24.04 million, a P/E ratio of 600.00, a price-to-earnings-growth ratio of 0.15 and a beta of 0.71. The company has a quick ratio of 0.32, a current ratio of 1.54 and a debt-to-equity ratio of 16.80.

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.