Oracle Power (LON:ORCP) Trading Down 6.3% – Should You Sell?

Oracle Power plc (LON:ORCP)’s stock price was down 6.3% during mid-day trading on Friday . The company traded as low as GBX 0.01 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 132,200,953 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 205,074,969 shares. The stock had previously closed at GBX 0.02 ($0.00).

Oracle Power Price Performance

The company has a current ratio of 3.74, a quick ratio of 5.67 and a debt-to-equity ratio of 9.98. The business has a 50-day moving average of GBX 0.02 and a 200 day moving average of GBX 0.02. The firm has a market capitalization of £2.34 million, a P/E ratio of -150.00 and a beta of 1.44.

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

Oracle Power Company Profile

Oracle Power Plc (AIM: ORCP) is an international project developer in the natural resources and energy sectors. The Company is currently committed to two areas of focus: Western Australia, home to two of Oracle’s highly prospective gold projects, and Pakistan, where it is working to establish one of the largest hydrogen production facilities in the region.
Located in the wind corridor in Jhimpir, Pakistan, The Green Hydrogen project is being developed on a fast-track basis thanks to the joint venture (JV) formed between Oracle and His Highness Shaikh Ahmed Dalmook Al Maktoum (through his wholly owned company, Kaheel Energy Limited).
The JV intends to support the global transition to a carbon neutral future through establishing Pakistan as one of the main Green Hydrogen players in the region, to meet global demand for clean hydrogen forecasted to be 660 million metric tons in 2050.