Orcadian Energy (LON:ORCA) Reaches New 52-Week Low – Here’s Why

Orcadian Energy Plc (LON:ORCAGet Free Report)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as GBX 5.50 ($0.07) and last traded at GBX 5.50 ($0.07), with a volume of 7 shares trading hands. The stock had previously closed at GBX 5.95 ($0.08).

Orcadian Energy Trading Down 9.2 %

The company has a market cap of £4.27 million, a price-to-earnings ratio of -270.00 and a beta of -2.29. The company has a debt-to-equity ratio of 38.75, a current ratio of 0.25 and a quick ratio of 3.06. The business’s 50-day simple moving average is GBX 8.16 and its 200-day simple moving average is GBX 9.10.

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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