Shares of Orcadian Energy Plc (LON:ORCA – Get Free Report) traded up 17.6% on Friday . The stock traded as high as GBX 20 and last traded at GBX 20. Approximately 587,505 shares changed hands during mid-day trading, an increase of 217% from the average session volume of 185,532 shares. The stock had previously closed at GBX 17.
Orcadian Energy Stock Performance
The firm’s 50-day moving average price is GBX 13.55 and its 200-day moving average price is GBX 15.38. The company has a debt-to-equity ratio of 172.81, a current ratio of 0.12 and a quick ratio of 3.06. The stock has a market cap of £15.84 million, a P/E ratio of -17.39 and a beta of -2.29.
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. 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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