Is Oracle Coalfields Plc a Buy? The Stock Rises Again

 Is Oracle Coalfields Plc a Buy? The Stock Rises Again

The stock of Oracle Coalfields Plc (LON:ORCP) is a huge mover today! The stock decreased 2.65% or GBX 0.08 on November 16, hitting GBX 2.75. About 197,462 shares traded hands. Oracle Coalfields Plc (LON:ORCP) has risen 3.77% since April 18, 2016 and is uptrending. It has underperformed by 0.91% the S&P500.
The move comes after 7 months positive chart setup for the GBX 23.34M company. It was reported on Nov, 16 by Barchart.com. We have GBX 7.76 PT which if reached, will make LON:ORCP worth GBX 42.48M more.

Another recent and important Oracle Coalfields Plc (LON:ORCP) news was published by Law360.com which published an article titled: “Oracle Coalfields Inks $1.3B Deal For Pakistan Coal Project” on September 25, 2014.

Oracle Coalfields PLC is a United Kingdom firm involved in the exploration for and development of coal in Pakistan. The company has a market cap of 23.34 million GBP. The Firm is principally engaged in the development of lignite coal resources in Block VI in the Thar desert, in the Sindh province in Pakistan, through an open-pit mine supplying a mine-mouth power plant. It currently has negative earnings. The Thar Coalfield is located approximately 380 kilometers from Karachi.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment