Harbour Energy (OTCMKTS:HBRIY) Stock Price Down 2.5% – Here’s Why

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) shares traded down 2.5% on Thursday . The company traded as low as $2.75 and last traded at $2.75. 3,500 shares changed hands during mid-day trading, an increase of 32% from the average session volume of 2,642 shares. The stock had previously closed at $2.82.

Wall Street Analyst Weigh In

Separately, Morgan Stanley restated an “overweight” rating on shares of Harbour Energy in a report on Tuesday.

Harbour Energy Stock Down 2.5%

The company has a debt-to-equity ratio of 0.68, a current ratio of 0.70 and a quick ratio of 0.63. The stock’s 50-day simple moving average is $2.39 and its 200-day simple moving average is $2.77.

Harbour Energy Company Profile

Harbour Energy plc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and gas reserves. The company holds interests in various properties located in the United Kingdom, Norwegian Continental Shelves, Indonesia, Vietnam, and Mexico. It is also involved in the decommissioning, financing, gas trading, and risk mitigation activities.