Corcel (LON:CRCL) Stock Price Up 20.2% – Time to Buy?

Corcel Plc (LON:CRCLGet Free Report) was up 20.2% during mid-day trading on Wednesday . The stock traded as high as GBX 0.30 ($0.00) and last traded at GBX 0.26 ($0.00). Approximately 109,127,625 shares traded hands during mid-day trading, an increase of 250% from the average daily volume of 31,140,684 shares. The stock had previously closed at GBX 0.22 ($0.00).

Corcel Stock Down 6.7%

The company has a debt-to-equity ratio of 22.60, a current ratio of 0.67 and a quick ratio of 0.09. The company has a market capitalization of £11.17 million, a P/E ratio of -3,229.53 and a beta of 0.90. The company has a 50 day moving average of GBX 0.18 and a 200-day moving average of GBX 0.17.

Corcel (LON:CRCLGet Free Report) last posted its earnings results on Monday, March 31st. The company reported GBX (0.05) ($0.00) earnings per share (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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