Harbour Energy (OTCMKTS:HBRIY) Shares Gap Up – Time to Buy?

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $2.60, but opened at $2.90. Harbour Energy shares last traded at $2.90, with a volume of 100 shares trading hands.

Analyst Ratings Changes

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Harbour Energy in a research report on Tuesday, June 17th.

Harbour Energy Trading Up 11.7%

The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.63 and a current ratio of 0.70. The company has a 50 day simple moving average of $2.53 and a two-hundred day simple moving average of $2.71.

About Harbour Energy

Harbour Energy plc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and gas reserves. The company holds interests in various properties located in the United Kingdom, Norwegian Continental Shelves, Indonesia, Vietnam, and Mexico. It is also involved in the decommissioning, financing, gas trading, and risk mitigation activities.