Orcadian Energy (LON:ORCA) Trading Down 14% – Time to Sell?

Orcadian Energy Plc (LON:ORCAGet Free Report)’s stock price traded down 14% on Monday . The company traded as low as GBX 11 ($0.14) and last traded at GBX 11.18 ($0.14). 229,120 shares changed hands during mid-day trading, an increase of 23% from the average session volume of 186,683 shares. The stock had previously closed at GBX 13 ($0.17).

Orcadian Energy Stock Up 2.1 %

The stock’s 50-day moving average price is GBX 6.85 and its two-hundred day moving average price is GBX 7.92. The stock has a market capitalization of £8.67 million, a PE ratio of -508.25 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.

About Orcadian Energy

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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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