Orcadian Energy (LON:ORCA) Trading 10% Higher – Here’s Why

Orcadian Energy Plc (LON:ORCAGet Free Report) traded up 10% during trading on Monday . The stock traded as high as GBX 5.50 ($0.07) and last traded at GBX 5.50 ($0.07). 135,758 shares were traded during trading, a decline of 31% from the average session volume of 197,395 shares. The stock had previously closed at GBX 5 ($0.06).

Orcadian Energy Price Performance

The stock has a 50-day moving average of GBX 7.62 and a two-hundred day moving average of GBX 8.79. The firm has a market cap of £4.27 million, a price-to-earnings ratio of -250.00 and a beta of -2.29. The company has a current ratio of 0.25, a quick ratio of 3.06 and a debt-to-equity ratio of 38.75.

Orcadian Energy Company Profile

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Orcadian Energy Plc, together with its subsidiaries, operates as an oil and gas development company in the United Kingdom. The company holds 100% interest in UKCS Seaward Licences P2244, which contains the Pilot and Harbour heavy oil discoveries; P2320, consist of Blakeney, Feugh, Dandy, and Crinan discoveries; and P2482, which include the Elke and Narwhal discoveries.

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