Corcel (LON:CRCL) Shares Up 17.8% – Here’s What Happened

Corcel Plc (LON:CRCLGet Free Report) shares shot up 17.8% during trading on Wednesday . The company traded as high as GBX 0.18 ($0.00) and last traded at GBX 0.17 ($0.00). 61,031,398 shares changed hands during mid-day trading, an increase of 107% from the average session volume of 29,539,582 shares. The stock had previously closed at GBX 0.15 ($0.00).

Corcel Stock Performance

The company has a debt-to-equity ratio of 22.60, a quick ratio of 0.09 and a current ratio of 0.67. The stock has a market capitalization of £6.86 million, a PE ratio of -1,983.85 and a beta of 0.90. The firm’s 50 day moving average is GBX 0.17 and its two-hundred day moving average is GBX 0.17.

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.

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.

Further Reading

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