Shares of Orcadian Energy Plc (LON:ORCA – Get Free Report) shot up 4.8% during trading on Monday . The company traded as high as GBX 10.50 ($0.13) and last traded at GBX 10.20 ($0.13). 30,351 shares were traded during trading, a decline of 21% from the average session volume of 38,449 shares. The stock had previously closed at GBX 9.74 ($0.12).
Orcadian Energy Stock Performance
The company has a market capitalization of £8.30 million, a P/E ratio of -525.00 and a beta of -2.29. The company has a current ratio of 0.25, a quick ratio of 3.06 and a debt-to-equity ratio of 38.75. The company’s fifty day moving average is GBX 8.12 and its 200 day moving average is GBX 7.96.
About Orcadian Energy
The Pilot field is our key asset. The field is well appraised and ready for development, Orcadian has selected, as the very best development concept, a low salinity polymer flood with two wellhead platforms, a dedicated FPSO, and a floating wind turbine.
Pilot is very well appraised with high quality modern 3D seismic and seven reservoir penetrations.
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