Orca Exploration Group (CVE:ORC.B) Shares Up 7.7% – Still a Buy?

Orca Exploration Group Inc (CVE:ORC.B – Get Free Report) shares rose 7.7% on Thursday. The stock traded as high as C$0.75 and last traded at C$0.70. Approximately 38,179 shares changed hands during mid-day trading, an increase of 187% from the average session volume of 13,298 shares. The stock had previously closed at C$0.65.

Orca Exploration Group Stock Up 7.7%

The company’s 50 day moving average price is C$1.97 and its two-hundred day moving average price is C$2.98. 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 firm has a market cap of C$13.84 million, a PE ratio of -1.08 and a beta of 0.66.

About Orca Exploration Group

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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.

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