Oracle Power (LON:ORCP) Stock Price Down 9.7%

Oracle Power plc (LON:ORCP) shares fell 9.7% on Friday . The company traded as low as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). 2,983,795 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 18,345,109 shares. The stock had previously closed at GBX 0.03 ($0.00).

Oracle Power Stock Performance

The business has a 50 day moving average of GBX 0.03 and a two-hundred day moving average of GBX 0.03. The company has a current ratio of 1.61, a quick ratio of 5.67 and a debt-to-equity ratio of 9.98. The firm has a market cap of £1.46 million, a P/E ratio of -3.10 and a beta of 1.53.

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.