Orcadian Energy Plc (LON:ORCA – Get Free Report) shares fell 7.7% during trading on Tuesday . The company traded as low as GBX 15 and last traded at GBX 18. Approximately 3,479,966 shares were traded during trading, an increase of 1,656% from the average daily volume of 198,160 shares. The stock had previously closed at GBX 19.50.
Orcadian Energy Stock Down 5.9%
The company has a market capitalization of £12.67 million, a price-to-earnings ratio of -13.91 and a beta of -2.29. The firm has a 50-day moving average price of GBX 13.52 and a two-hundred day moving average price of GBX 15.35. The company has a debt-to-equity ratio of 172.81, a current ratio of 0.12 and a quick ratio of 3.06.
Orcadian Energy Company Profile
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. The field has 79mmbbls of proven plus probable reserves, based upon the low salinity polymer flood development plan described in the concept select report submitted to the OGA in September of 2020.
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