Corcel (LON:CRCL) Stock Price Up 13.3% – What’s Next?

Corcel Plc (LON:CRCLGet Free Report) shares rose 13.3% during mid-day trading on Tuesday . The stock traded as high as GBX 0.17 ($0.00) and last traded at GBX 0.17 ($0.00). Approximately 86,414,133 shares changed hands during trading, an increase of 842% from the average daily volume of 9,172,084 shares. The stock had previously closed at GBX 0.15 ($0.00).

Corcel Stock Performance

The firm’s 50-day moving average price is GBX 0.16 and its two-hundred day moving average price is 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 stock has a market cap of £6.78 million, a price-to-earnings ratio of -1,960.78 and a beta of 0.90.

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