Shares of Orcadian Energy Plc (LON:ORCA – Get Free Report) rose 6% during trading on Tuesday . The company traded as high as GBX 11 ($0.15) and last traded at GBX 10.60 ($0.14). Approximately 190,206 shares changed hands during trading, an increase of 271% from the average daily volume of 51,334 shares. The stock had previously closed at GBX 10 ($0.14).
Orcadian Energy Trading Up 14.0%
The firm has a market capitalization of £8.75 million, a price-to-earnings ratio of -6.44 and a beta of -2.29. 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 business has a fifty day moving average price of GBX 10.06 and a 200 day moving average price of GBX 9.59.
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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