Corcel (LON:CRCL) Trading 6.7% Higher – Time to Buy?

Corcel Plc (LON:CRCLGet Free Report)’s stock price rose 6.7% during mid-day trading on Tuesday . The stock traded as high as GBX 0.17 ($0.00) and last traded at GBX 0.16 ($0.00). Approximately 87,899,492 shares were traded during mid-day trading, an increase of 854% from the average daily volume of 9,215,771 shares. The stock had previously closed at GBX 0.15 ($0.00).

Corcel Price 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 firm has a fifty day simple moving average of GBX 0.16 and a 200 day simple moving average of GBX 0.15. The company has a market capitalization of £7.30 million, a PE ratio of -2,110.73 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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