Corcel (LON:CRCL) Trading Down 4.3% – Time to Sell?

Corcel Plc (LON:CRCLGet Free Report)’s share price was down 4.3% on Tuesday . The stock traded as low as GBX 0.37 ($0.01) and last traded at GBX 0.38 ($0.01). Approximately 43,511,164 shares traded hands during trading, an increase of 31% from the average daily volume of 33,192,328 shares. The stock had previously closed at GBX 0.40 ($0.01).

Corcel Stock Down 0.3%

The firm has a 50 day moving average price of GBX 0.25 and a two-hundred day moving average price of GBX 0.20. The company has a quick ratio of 0.09, a current ratio of 0.67 and a debt-to-equity ratio of 22.60. The company has a market capitalization of £15.12 million, a price-to-earnings ratio of -4,371.40 and a beta of 0.90.

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