Corcel (LON:CRCL) Stock Price Up 17.8% – Here’s Why

Corcel Plc (LON:CRCLGet Free Report)’s share price rose 17.8% during trading on Wednesday . The stock traded as high as GBX 0.18 ($0.00) and last traded at GBX 0.17 ($0.00). Approximately 61,031,398 shares traded hands during trading, an increase of 107% from the average daily volume of 29,539,582 shares. The stock had previously closed at GBX 0.15 ($0.00).

Corcel Trading Down 0.6 %

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 business’s 50-day moving average price is GBX 0.17 and its 200 day moving average price is GBX 0.17. The firm has a market capitalization of £6.74 million, a price-to-earnings ratio of -1,949.25 and a beta of 0.90.

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

About Corcel

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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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