Orcadian Energy (LON:ORCA) Shares Up 4.4% – What’s Next?

Shares of Orcadian Energy Plc (LON:ORCA) traded up 4.4% on Monday . The company traded as high as GBX 10 ($0.13) and last traded at GBX 9.40 ($0.12). 35,794 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 59,135 shares. The stock had previously closed at GBX 9 ($0.12).

Orcadian Energy Stock Down 7.0 %

The firm has a market capitalization of £7.05 million, a price-to-earnings ratio of -5.18 and a beta of -2.29. The company has a debt-to-equity ratio of 47.53, a current ratio of 0.10 and a quick ratio of 3.06. The business has a fifty day moving average price of GBX 9.34 and a two-hundred day moving average price of GBX 8.32.

Orcadian Energy (LON:ORCA) last posted its quarterly earnings results on Monday, December 16th. The company reported GBX (1.26) (($0.02)) earnings per share (EPS) for the quarter. Orcadian Energy had a negative return on equity of 49.59% and a negative net margin of 925.42%.

Orcadian Energy Company Profile

Orcadian’s strategy is to secure discovered resources at low cost and to transform those resources into reserves and onto production

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.