Orcadian Energy (LON:ORCA) Shares Down 9.6% – Time to Sell?

Shares of Orcadian Energy Plc (LON:ORCAGet Free Report) fell 9.6% during mid-day trading on Thursday . The stock traded as low as GBX 6.10 ($0.08) and last traded at GBX 6.10 ($0.08). 2,675 shares traded hands during trading, a decline of 99% from the average session volume of 186,642 shares. The stock had previously closed at GBX 6.75 ($0.08).

Orcadian Energy Stock Performance

The firm’s 50 day moving average price is GBX 6.60 and its 200-day moving average price is GBX 8.22. 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 market capitalization of £4.82 million, a PE ratio of -305.00 and a beta of -2.29.

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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