Orcadian Energy (LON:ORCA) Trading Down 0.1% – Here’s Why

Shares of Orcadian Energy Plc (LON:ORCA) fell 0.1% during trading on Monday . The company traded as low as GBX 8 ($0.11) and last traded at GBX 8.98 ($0.12). 73,851 shares were traded during trading, an increase of 27% from the average session volume of 58,291 shares. The stock had previously closed at GBX 8.98 ($0.12).

Orcadian Energy Price Performance

The company has a market capitalization of £7.09 million, a P/E ratio of -747.92 and a beta of -2.29. The business’s 50-day simple moving average is GBX 9.01 and its 200 day simple moving average is GBX 9.89. The company has a current ratio of 0.10, a quick ratio of 3.06 and a debt-to-equity ratio of 47.53.

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.