Corcel (LON:CRCL) Shares Up 6.7% – Here’s What Happened

Corcel Plc (LON:CRCLGet Free Report) shares rose 6.7% during trading on Tuesday . The company traded as high as GBX 0.17 ($0.00) and last traded at GBX 0.16 ($0.00). Approximately 86,840,984 shares changed hands during mid-day trading, an increase of 846% from the average daily volume of 9,184,639 shares. The stock had previously closed at GBX 0.15 ($0.00).

Corcel Stock Performance

The company has a fifty day moving average of GBX 0.16 and a two-hundred day moving average of GBX 0.15. 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 company has a market cap of £6.38 million, a price-to-earnings ratio of -1,845.44 and a beta of 0.90.

Corcel (LON:CRCLGet Free Report) last announced its quarterly earnings results on Monday, December 16th. The company reported GBX (0.20) ($0.00) 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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