Orcadian Energy Plc (LON:ORCA – Get Free Report)’s stock price rose 4.8% during mid-day trading on Tuesday . The company traded as high as GBX 11 ($0.14) and last traded at GBX 11 ($0.14). Approximately 88,103 shares were traded during trading, an increase of 55% from the average daily volume of 56,864 shares. The stock had previously closed at GBX 10.50 ($0.14).
Orcadian Energy Stock Performance
The business has a 50 day moving average of GBX 9.58 and a 200-day moving average of GBX 8.43. The company has a debt-to-equity ratio of 47.53, a quick ratio of 3.06 and a current ratio of 0.10. The company has a market capitalization of £8.44 million, a P/E ratio of -6.21 and a beta of -2.29.
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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