Orca Exploration Group (CVE:ORC.B) Shares Pass Below 50 Day Moving Average – Time to Sell?

Orca Exploration Group Inc (CVE:ORC.B)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$3.03 and traded as low as C$2.75. Orca Exploration Group shares last traded at C$2.75, with a volume of 7,300 shares trading hands.

Orca Exploration Group Price Performance

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 50 day simple moving average of C$3.00 and a 200 day simple moving average of C$3.45. The stock has a market cap of C$52.87 million, a P/E ratio of 4.31 and a beta of 0.87.

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.