Shares of Oracle Power PLC (LON:ORCP) were down 7.8% during mid-day trading on Friday . The stock traded as low as GBX 0.41 ($0.01) and last traded at GBX 0.42 ($0.01). Approximately 1,792,699 shares changed hands during trading, an increase of 463% from the average daily volume of 318,565 shares. The stock had previously closed at GBX 0.45 ($0.01).
In other Oracle Power news, insider Mark Steed bought 1,100,000 shares of the firm’s stock in a transaction dated Thursday, February 28th. The shares were purchased at an average cost of GBX 1 ($0.01) per share, for a total transaction of £11,000 ($14,373.45).
About Oracle Power (LON:ORCP)
Oracle Power PLC engages in the exploration and development of coal in Pakistan. The company also builds a mine-mouth power station. It primarily holds interests in the Thar Coalfield Block VI license area that covers an area of approximately 9,100 square kilometers located in the Sindh Province, southern Pakistan.
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