Cloudbreak Discovery (LON:CDL) Shares Down 9.6% – Should You Sell?

Shares of Cloudbreak Discovery Plc (LON:CDL) dropped 9.6% on Tuesday . The stock traded as low as GBX 0.15 ($0.00) and last traded at GBX 0.17 ($0.00). Approximately 8,010,216 shares traded hands during mid-day trading, an increase of 39% from the average daily volume of 5,751,227 shares. The stock had previously closed at GBX 0.19 ($0.00).

Cloudbreak Discovery Stock Performance

The company’s 50 day moving average is GBX 0.12 and its 200-day moving average is GBX 0.13. The company has a quick ratio of 0.39, a current ratio of 1.13 and a debt-to-equity ratio of 22.18. The firm has a market capitalization of £1.96 million, a P/E ratio of -0.68 and a beta of -0.14.

Cloudbreak Discovery (LON:CDL) last posted its quarterly earnings results on Monday, March 31st. The company reported GBX (0.10) ($0.00) earnings per share for the quarter. Cloudbreak Discovery had a negative return on equity of 87.92% and a negative net margin of 842.88%.

About Cloudbreak Discovery

Cloudbreak Discovery PLC is a leading London listed royalty company and natural resource project generator. Cloudbreak is focused on energy royalty acquisitions with the aim of bringing near-term cashflow and driving shareholder value. Its primary operating jurisdiction is the United States, but the Company will continue to deploy its project generation model in the international energy sector to acquire minority interests in projects of merit.

Through its wholly owned but independently operated subsidiary, Cloudbreak Exploration Inc, the Company will develop its array of mineral assets, whilst continuing to generate new projects with a particular focus on commodities key to the energy transition.

The Group’s generative model across the energy and mineral sector enables a multi-asset approach to investing and exploration.