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

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

OPG Power Ventures Price Performance

The company’s 50 day moving average is GBX 6.85 and its 200 day moving average is GBX 8.98. The company has a market cap of £24.04 million, a PE ratio of 600.00, a P/E/G ratio of 0.15 and a beta of 0.71. The company has a current ratio of 1.54, a quick ratio of 0.32 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.