Orcadian Energy (LON:ORCA) Sets New 12-Month High – Here’s What Happened

Shares of Orcadian Energy Plc (LON:ORCA) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 20 and last traded at GBX 19.80, with a volume of 357860 shares traded. The stock had previously closed at GBX 17.50.

Orcadian Energy Stock Performance

The company has a market capitalization of £14.62 million, a P/E ratio of -16.52 and a beta of -2.29. The business has a 50 day moving average of GBX 14.33 and a 200 day moving average of GBX 11.53. The company has a quick ratio of 3.06, a current ratio of 0.10 and a debt-to-equity ratio of 47.53.

Orcadian Energy (LON:ORCA) last released its quarterly earnings data on Friday, January 2nd. The company reported GBX (1.12) 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%.

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. 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.