Orcadian Energy (LON:ORCA) Trading 4.4% Higher – Time to Buy?

Orcadian Energy Plc (LON:ORCA) was up 4.4% during trading on Monday . The company traded as high as GBX 10 ($0.13) and last traded at GBX 9.40 ($0.12). Approximately 35,794 shares changed hands during trading, a decline of 39% from the average daily 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 cap of £7.05 million, a price-to-earnings ratio of -5.18 and a beta of -2.29. The business’s 50 day moving average price is GBX 9.34 and its 200 day moving average price is GBX 8.32. The company has a debt-to-equity ratio of 47.53, a quick ratio of 3.06 and a current ratio of 0.10.

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

About Orcadian Energy

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.