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

OPG Power Ventures Plc (LON:OPG) shares were down 7.7% during mid-day 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 were traded during 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 has a market capitalization of £24.04 million, a price-to-earnings ratio of 600.00, a price-to-earnings-growth ratio of 0.15 and a beta of 0.71. The company has a 50-day moving average price of GBX 6.85 and a 200-day moving average price of GBX 8.98. The company has a debt-to-equity ratio of 16.80, a quick ratio of 0.32 and a current ratio of 1.54.

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.