Orca Exploration Group (CVE:ORC.B) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Orca Exploration Group Inc (CVE:ORC.B)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$3.50 and traded as low as C$3.26. Orca Exploration Group shares last traded at C$3.30, with a volume of 8,658 shares trading hands.

Orca Exploration Group Trading Down 4.3%

The company has a current ratio of 2.16, a quick ratio of 1.80 and a debt-to-equity ratio of 40.57. The company has a market cap of C$65.22 million, a price-to-earnings ratio of 4.02 and a beta of 0.28. The firm has a 50-day moving average price of C$3.50 and a 200 day moving average price of C$3.49.

About Orca Exploration Group

Orca Exploration Group Inc explores for, develops, produces, and sells petroleum and natural gas to the power and industrial sectors in Tanzania. The company principally holds interests in the Songo Songo natural gas field that includes two blocks covering an area of approximately 41,630 acres located to the south of Dar Es Salaam. It also holds oil and gas exploration and appraisal interests in Italy. The company was formerly known as EastCoast Energy Corporation and changed its name to Orca Exploration Group Inc in April 2007.