OPG Power Ventures Shares Dip 7.7% – What You Need to Know

On Wednesday, OPG Power Ventures Plc (LON:OPG – Get Free Report) experienced a notable drop in its share price, falling by 7.7%. The shares opened at a low of GBX 5.70 ($0.07) and concluded trading at GBX 6 ($0.08). During the session, around 190,680 shares changed hands, which is a significant decrease of 57% compared to the average daily trading volume of 444,094 shares. The previous closing price stood at GBX 6.50 ($0.08).

Stock Performance Insights

In terms of financial metrics, OPG Power Ventures maintains a current ratio of 1.54, indicating a solid liquidity position. The company has a quick ratio of 0.32 and a high debt-to-equity ratio of 16.80. The market capitalization of OPG Power Ventures is £23.64 million, with a price-to-earnings (P/E) ratio of 590.00 and a P/E/G ratio of 0.15. Additionally, the stock exhibits a beta of 0.71, signaling lower volatility compared to the overall market. The moving averages also reflect a downward trend, with a 50-day moving average price at GBX 6.85 and a 200-day moving average at GBX 8.98.

Company Overview

OPG Power Ventures Plc specializes in the development, ownership, and operation of private power projects in India through its subsidiaries. The company operates a total capacity of 414 MW in thermal power and 62 MW in solar power. Its primary business model focuses on supplying electricity to public sector undertakings and major industrial clients.

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