Corcel (LON:CRCL) Trading 13.1% Higher – Here’s Why

Shares of Corcel Plc (LON:CRCLGet Free Report) were up 13.1% during mid-day trading on Saturday . The company traded as high as GBX 0.21 ($0.00) and last traded at GBX 0.20 ($0.00). Approximately 60,522,215 shares traded hands during trading, an increase of 96% from the average daily volume of 30,892,564 shares. The stock had previously closed at GBX 0.18 ($0.00).

Corcel Price Performance

The company has a 50 day simple moving average of GBX 0.18 and a 200 day simple moving average of GBX 0.17. The company has a market capitalization of £7.90 million, a price-to-earnings ratio of -2,283.74 and a beta of 0.90. The company has a quick ratio of 0.09, a current ratio of 0.67 and a debt-to-equity ratio of 22.60.

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

Corcel Company Profile

(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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