Cloudbreak Discovery (LON:CDL) Shares Up 18% – Time to Buy?

Cloudbreak Discovery Plc (LON:CDL) traded up 18% during mid-day trading on Monday . The company traded as high as GBX 0.13 ($0.00) and last traded at GBX 0.12 ($0.00). 1,865,310 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 2,413,865 shares. The stock had previously closed at GBX 0.10 ($0.00).

Cloudbreak Discovery Price Performance

The stock has a market cap of £1.13 million, a P/E ratio of -0.40 and a beta of -0.14. The company’s 50 day moving average price is GBX 0.15 and its 200-day moving average price is GBX 0.19. The company has a quick ratio of 0.39, a current ratio of 1.13 and a debt-to-equity ratio of 22.18.

Cloudbreak Discovery (LON:CDL) last announced its earnings results on Friday, January 31st. The company reported GBX (0.10) ($0.00) EPS for the quarter. Cloudbreak Discovery had a negative net margin of 842.88% and a negative return on equity of 87.92%.

Cloudbreak Discovery Company Profile

Cloudbreak Discovery PLC is a leading London listed royalty company and natural resource project generator. Cloudbreak is focused on energy royalty acquisitions with the aim of bringing near-term cashflow and driving shareholder value. Its primary operating jurisdiction is the United States, but the Company will continue to deploy its project generation model in the international energy sector to acquire minority interests in projects of merit.

Through its wholly owned but independently operated subsidiary, Cloudbreak Exploration Inc, the Company will develop its array of mineral assets, whilst continuing to generate new projects with a particular focus on commodities key to the energy transition.

The Group’s generative model across the energy and mineral sector enables a multi-asset approach to investing and exploration.