Orcadian Energy (LON:ORCA) Stock Price Up 14.3% – Should You Buy?

Orcadian Energy Plc (LON:ORCAGet Free Report)’s share price traded up 14.3% on Wednesday . The company traded as high as GBX 8 ($0.10) and last traded at GBX 8 ($0.10). 95,187 shares traded hands during trading, a decline of 48% from the average session volume of 181,409 shares. The stock had previously closed at GBX 7 ($0.09).

Orcadian Energy Trading Down 3.9 %

The firm has a market cap of £6.83 million, a P/E ratio of -450.00 and a beta of -2.29. The company has a debt-to-equity ratio of 38.75, a quick ratio of 3.06 and a current ratio of 0.25. The firm has a fifty day moving average of GBX 6.44 and a 200-day moving average of GBX 7.92.

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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