Orcadian Energy (LON:ORCA) Shares Down 9.6% – Should You Sell?

Shares of Orcadian Energy Plc (LON:ORCA) dropped 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). Approximately 2,675 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 186,642 shares. The stock had previously closed at GBX 6.75 ($0.08).

Orcadian Energy Stock Up 10.7 %

The firm has a fifty day simple moving average of GBX 6.57 and a 200-day simple moving average of GBX 8.21. The company has a quick ratio of 3.06, a current ratio of 0.25 and a debt-to-equity ratio of 38.75. The company has a market capitalization of £5.33 million, a P/E ratio of -347.50 and a beta of -2.29.

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.