Orcadian Energy Plc (LON:ORCA – Get Free Report)’s share price crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 15.54 and traded as low as GBX 14.70. Orcadian Energy shares last traded at GBX 14.70, with a volume of 35,087 shares traded.
Orcadian Energy Price Performance
The company has a current ratio of 0.12, a quick ratio of 3.06 and a debt-to-equity ratio of 172.81. The firm has a market cap of £11.80 million, a price-to-earnings ratio of -12.78 and a beta of -2.29. The company’s 50-day moving average is GBX 15.89 and its 200-day moving average is GBX 15.54.
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. 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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