Corcel (LON:CRCL) Shares Up 2.3% – Here’s Why

Corcel Plc (LON:CRCL)’s stock price shot up 2.3% during mid-day trading on Monday . The company traded as high as GBX 0.45 and last traded at GBX 0.45. 37,631,625 shares were traded during mid-day trading, an increase of 165% from the average session volume of 14,222,746 shares. The stock had previously closed at GBX 0.44.

Corcel Stock Up 2.3%

The stock has a market cap of £38.32 million, a P/E ratio of -2.65 and a beta of 0.21. The company has a current ratio of 0.24, a quick ratio of 0.09 and a debt-to-equity ratio of 16.99. The firm’s fifty day moving average is GBX 0.36 and its 200 day moving average is GBX 0.37.

Corcel (LON:CRCL) last released its quarterly earnings results on Monday, December 22nd. The company reported GBX (0.09) earnings per share (EPS) for the quarter.

About Corcel

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. Founded in 2004 and listed in 2005, the company trades under the ticker CRCL on the Alternative Investment Market (AIM) of the London Stock Exchange. Corcel is led by an experienced management team with extensive sector and AIM expertise.