Orcadian Energy Plc (LON:ORCA – Get Rating)’s stock price was down 10.3% during mid-day trading on Tuesday . The stock traded as low as GBX 13 ($0.16) and last traded at GBX 13 ($0.16). Approximately 13,358 shares changed hands during trading, an increase of 11% from the average daily volume of 12,083 shares. The stock had previously closed at GBX 14.50 ($0.18).
Analysts Set New Price Targets
Separately, Shore Capital reiterated a “house stock” rating on shares of Orcadian Energy in a report on Tuesday, November 29th.
Orcadian Energy Trading Down 10.3 %
The company has a debt-to-equity ratio of 27.68, a current ratio of 3.06 and a quick ratio of 3.06. The company has a fifty day moving average of GBX 20.69 and a 200-day moving average of GBX 28.76. The firm has a market capitalization of £8.66 million and a PE ratio of -5.91.
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 & Crinan discoveries; and P2482, which include the Elke and Narwhal discoveries.
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