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

Corcel Plc (LON:CRCLGet Free Report)’s share price shot up 17.8% during mid-day trading on Wednesday . The stock traded as high as GBX 0.18 ($0.00) and last traded at GBX 0.17 ($0.00). 61,031,398 shares changed hands during 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 Performance

The company has a debt-to-equity ratio of 22.60, a current ratio of 0.67 and a quick ratio of 0.09. The stock has a market cap of £6.86 million, a price-to-earnings ratio of -1,983.85 and a beta of 0.90. The stock’s 50-day moving average is GBX 0.17 and its 200-day moving average is GBX 0.17.

Corcel (LON:CRCLGet Free Report) last released its earnings results on Monday, March 31st. The company reported GBX (0.05) ($0.00) earnings per share 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.

Featured Articles

Receive News & Ratings for Corcel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corcel and related companies with MarketBeat.com's FREE daily email newsletter.