Corcel (LON:CRCL) Trading Up 17.8% – Here’s Why

by · The Cerbat Gem

Corcel Plc (LON:CRCL – Get Free Report) shot up 17.8% during trading on Wednesday . The company traded as high as GBX 0.18 ($0.00) and last traded at GBX 0.17 ($0.00). 61,031,398 shares were traded during mid-day trading, an increase of 107% from the average session volume of 29,539,582 shares. The stock had previously closed at GBX 0.15 ($0.00).

Corcel Stock Down 0.6 %

The stock has a market cap of £6.74 million, a price-to-earnings ratio of -1,949.25 and a beta of 0.90. The firm has a 50 day simple moving average of GBX 0.17 and a two-hundred day simple moving average of GBX 0.17. The company has a debt-to-equity ratio of 22.60, a current ratio of 0.67 and a quick ratio of 0.09.

Corcel (LON:CRCL – Get Free Report) last issued its quarterly earnings data on Monday, March 31st. The company reported GBX (0.05) ($0.00) earnings per share (EPS) for the quarter.

About Corcel

(Get Free Report)

Corcel PLC is an upstream oil and gas development company with residual interests in battery metals. Its diversified portfolio includes projects in the onshore Kwanza Basin in Angola, legacy battery metal interests such as rare earth element appraisal in Western Australia, and an option to acquire gas production onshore Brazil.

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