Oracle Power’s (ORCP) Not Rated Rating Reiterated at Shore Capital

Oracle Power (LON:ORCP)‘s stock had its “not rated” rating restated by analysts at Shore Capital in a note issued to investors on Thursday, Digital Look reports.

Shares of Oracle Power stock traded down GBX 0.01 ($0.00) during midday trading on Thursday, hitting GBX 0.38 ($0.00). 1,696,451 shares of the company were exchanged, compared to its average volume of 318,565. The company has a market capitalization of $4.79 million and a PE ratio of -3.80. Oracle Power has a 52 week low of GBX 0.33 ($0.00) and a 52 week high of GBX 1.35 ($0.02).

In other Oracle Power news, insider Mark Steed purchased 1,100,000 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The stock was purchased at an average cost of GBX 1 ($0.01) per share, with a total value of £11,000 ($14,373.45).

Oracle Power Company Profile

Oracle Power PLC engages in the exploration and development of coal in Pakistan. The company also builds a mine-mouth power station. It primarily holds interests in the Thar Coalfield Block VI license area that covers an area of approximately 9,100 square kilometers located in the Sindh Province, southern Pakistan.

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