OPG Power Ventures (LON:OPG) Trading 11.9% Higher – Should You Buy?

OPG Power Ventures Plc (LON:OPGGet Free Report)’s share price shot up 11.9% during mid-day trading on Saturday . The company traded as high as GBX 7.50 ($0.10) and last traded at GBX 7.50 ($0.10). 1,669,760 shares changed hands during mid-day trading, an increase of 326% from the average session volume of 392,305 shares. The stock had previously closed at GBX 6.70 ($0.09).

OPG Power Ventures Stock Performance

The company has a debt-to-equity ratio of 12.26, a current ratio of 1.48 and a quick ratio of 0.32. The stock has a 50-day simple moving average of GBX 5.19 and a 200-day simple moving average of GBX 5.08. The stock has a market cap of £30.06 million, a P/E ratio of 6.94, a PEG ratio of 0.15 and a beta of 0.71.

OPG Power Ventures Company Profile

(Get Free Report)

OPG operates and develops power generation assets in India and currently has 414 MW in operation principally under the group captive model and 62MW of Solar assets.
OPG has been listed on the AIM market of the London Stock Exchange since May 2008 and since listing in 2008, the Company has grown from 20 MW of generating capacity to 476 MW, consistently delivering strong results as well as growth.
In our view India provides exciting and dynamic opportunities in our sector given its low and rising per capita consumption of electricity as well as India’s overall economic growth estimates.

Further Reading

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