OPG Power Ventures (LON:OPG) Shares Up 6.7% – Here’s What Happened

OPG Power Ventures Plc (LON:OPG)’s stock price traded up 6.7% during trading on Monday . The stock traded as high as GBX 4.80 and last traded at GBX 4.80. 851,616 shares changed hands during trading, a decline of 8% from the average session volume of 930,494 shares. The stock had previously closed at GBX 4.50.

OPG Power Ventures Stock Up 8.9%

The company has a market cap of £19.64 million, a price-to-earnings ratio of 14.00, a price-to-earnings-growth ratio of 0.15 and a beta of 0.71. The company has a debt-to-equity ratio of 12.26, a quick ratio of 0.32 and a current ratio of 1.48. The stock’s fifty day moving average is GBX 5.69 and its two-hundred day moving average is GBX 6.70.

OPG Power Ventures Company Profile

OPG operates and develops power generation assets in India and currently has 414 MW in operation principally under the group captive model and 62MW of Solar assets.
OPG has been listed on the AIM market of the London Stock Exchange since May 2008 and since listing in 2008, the Company has grown from 20 MW of generating capacity to 476 MW, consistently delivering strong results as well as growth.
In our view India provides exciting and dynamic opportunities in our sector given its low and rising per capita consumption of electricity as well as India’s overall economic growth estimates.