Corcel (LON:CRCL) Trading 2.9% Higher – Here’s What Happened

Corcel Plc (LON:CRCL)’s share price rose 2.9% during mid-day trading on Tuesday . The stock traded as high as GBX 0.35 and last traded at GBX 0.35. Approximately 518,747 shares changed hands during trading, a decline of 96% from the average daily volume of 13,248,415 shares. The stock had previously closed at GBX 0.34.

Corcel Stock Up 2.9%

The company has a quick ratio of 0.09, a current ratio of 0.67 and a debt-to-equity ratio of 22.60. The stock has a market cap of £29.80 million, a PE ratio of -2.06 and a beta of 0.90. The firm has a fifty day moving average of GBX 0.36 and a 200 day moving average of GBX 0.37.

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

Corcel Company Profile

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.