Oracle Power (LON:ORCP) Shares Down 11.8% – Here’s Why

Oracle Power plc (LON:ORCP)’s stock price dropped 11.8% during trading on Thursday . The company traded as low as GBX 0.01 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 46,429,691 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 219,257,188 shares. The stock had previously closed at GBX 0.02 ($0.00).

Oracle Power Stock Down 11.8 %

The firm has a market capitalization of £1.12 million, a price-to-earnings ratio of -3.10 and a beta of 1.44. The stock has a 50 day moving average of GBX 0.03 and a 200 day moving average of GBX 0.02. The company has a quick ratio of 5.67, a current ratio of 3.74 and a debt-to-equity ratio of 9.98.

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.