Orcadian Energy (LON:ORCA) Trading Up 14.3% – Time to Buy?

Orcadian Energy Plc (LON:ORCA) shares were up 14.3% during trading on Wednesday . The stock traded as high as GBX 8 ($0.10) and last traded at GBX 8 ($0.10). Approximately 95,187 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 181,409 shares. The stock had previously closed at GBX 7 ($0.09).

Orcadian Energy Trading Up 14.3 %

The firm has a market capitalization of £6.32 million, a P/E ratio of -350.00 and a beta of -2.29. The company has a current ratio of 0.25, a quick ratio of 3.06 and a debt-to-equity ratio of 38.75. The stock has a 50 day simple moving average of GBX 6.40 and a 200-day simple moving average of GBX 7.95.

Orcadian Energy Company Profile

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.