The stock of Oracle Coalfields Plc (LON:ORCP) is a huge mover today! The stock decreased 4.76% or GBX 0.12 on November 22, hitting GBX 2.5. About 754,554 shares traded hands or 79.47% up from the average. Oracle Coalfields Plc (LON:ORCP) has risen 9.38% since April 21, 2016 and is uptrending. It has outperformed by 4.82% the S&P500.
The move comes after 8 months negative chart setup for the GBX 23.00 million company. It was reported on Nov, 22 by Barchart.com. We have GBX 2.35 PT which if reached, will make LON:ORCP worth GBX 1.38M less.
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 23.00 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.
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