Orcadian Energy Plc (LON:ORCA – Get Free Report) shares were up 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 mid-day 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 Trading Up 4.8 %
The firm has a market cap of £8.44 million, a price-to-earnings ratio of -6.21 and a beta of -2.29. The firm’s 50-day moving average is GBX 9.58 and its 200-day moving average is GBX 8.43. The company has a current ratio of 0.10, a quick ratio of 3.06 and a debt-to-equity ratio of 47.53.
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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