Cloudbreak Discovery (LON:CDL) Trading Up 14.6% – Here’s Why

Shares of Cloudbreak Discovery Plc (LON:CDL) traded up 14.6% on Monday . The stock traded as high as GBX 0.95 and last traded at GBX 0.94. 3,172,988 shares were traded during mid-day trading, a decline of 89% from the average session volume of 27,823,207 shares. The stock had previously closed at GBX 0.82.

Cloudbreak Discovery Trading Down 3.8%

The firm has a market capitalization of £11.48 million, a PE ratio of -4.09 and a beta of -0.14. The company has a quick ratio of 0.39, a current ratio of 1.13 and a debt-to-equity ratio of 22.18. The business’s fifty day moving average price is GBX 0.85 and its 200 day moving average price is GBX 0.58.

Cloudbreak Discovery (LON:CDL) last announced its quarterly earnings data on Monday, October 27th. The company reported GBX (0.20) earnings per share (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.