Oracle Power (LON:ORCP) Shares Up 23.1% – Time to Buy?

Oracle Power plc (LON:ORCP)’s share price shot up 23.1% during trading on Saturday . The stock traded as high as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). 1,688,644,000 shares were traded during trading, an increase of 741% from the average session volume of 200,863,703 shares. The stock had previously closed at GBX 0.01 ($0.00).

Oracle Power Stock Up 23.1%

The firm’s 50-day simple moving average is GBX 0.02 and its 200 day simple moving average is GBX 0.02. The company has a market cap of £1.19 million, a P/E ratio of -3.10 and a beta of 1.44. The company has a debt-to-equity ratio of 9.98, a quick ratio of 5.67 and a current ratio of 3.74.

Oracle Power (LON:ORCP) last issued its earnings results on Monday, June 23rd. The company reported GBX (0.01) EPS for the quarter.

Oracle Power Company Profile

Oracle is an international project developer in the natural resources and energy sectors. Led by a team with extensive experience in major project development and robust relationships with industry giants, Oracle is building a portfolio of projects selected for their prospects in sectors with high global demand and aligned with worldwide economic and environmental trends.