Orcadian Energy Plc (LON:ORCA – Get Free Report) dropped 4.1% on Tuesday . The stock traded as low as GBX 8.50 ($0.11) and last traded at GBX 8.63 ($0.11). Approximately 25,360 shares changed hands during trading, a decline of 54% from the average daily volume of 54,907 shares. The stock had previously closed at GBX 9 ($0.11).
Orcadian Energy Price Performance
The business has a 50-day moving average of GBX 9 and a two-hundred day moving average of GBX 8.04. 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 firm has a market cap of £6.82 million, a P/E ratio of -431.50 and a beta of -2.29.
Orcadian Energy (LON:ORCA – Get Free Report) last announced its quarterly earnings results on Monday, December 16th. The company reported GBX (1.26) (($0.02)) EPS for the quarter.
Orcadian Energy Company Profile
Orcadian’s strategy is to secure discovered resources at low cost and to transform those resources into reserves and onto production
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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