OPG Power Ventures (LON:OPG) Shares Down 7.7% – Here’s Why

OPG Power Ventures Plc (LON:OPG) traded down 7.7% on Wednesday . The company traded as low as GBX 5.70 ($0.07) and last traded at GBX 6 ($0.08). 190,680 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 444,094 shares. The stock had previously closed at GBX 6.50 ($0.08).

OPG Power Ventures Stock Performance

The stock has a fifty day simple moving average of GBX 7 and a 200-day simple moving average of GBX 9.04. The stock has a market cap of £24.04 million, a P/E ratio of 600.00, a PEG ratio of 0.15 and a beta of 0.71. The company has a debt-to-equity ratio of 16.80, a quick ratio of 0.32 and a current ratio of 1.54.

OPG Power Ventures Company Profile

OPG Power Ventures Plc, together with its subsidiaries, develops, owns, operates, and maintains private sector power projects in India. The company operates 414 MW of thermal power and 62 MW solar power assets. It primarily sells electric power to public sector undertakings and heavy industrial companies.