Orcadian Energy Plc (LON:ORCA – Get Free Report) shares traded up 9.3% during trading on Monday . The stock traded as high as GBX 10.50 ($0.13) and last traded at GBX 9.84 ($0.12). 265,725 shares were traded during mid-day trading, an increase of 417% from the average session volume of 51,425 shares. The stock had previously closed at GBX 9 ($0.11).
Orcadian Energy Stock Down 6.6 %
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 cap of £7.16 million, a PE ratio of -5.27 and a beta of -2.29. The firm has a fifty day simple moving average of GBX 9.61 and a 200 day simple moving average of GBX 8.25.
Orcadian Energy (LON:ORCA – Get Free Report) last issued its earnings results on Monday, December 16th. The company reported GBX (1.26) (($0.02)) earnings per share (EPS) for the quarter. Orcadian Energy had a negative return on equity of 49.59% and a negative net margin of 925.42%.
About Orcadian Energy
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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