Corcel (LON:CRCL) Shares Up 5.3% – Here’s Why

Corcel Plc (LON:CRCL)’s stock price traded up 5.3% during trading on Tuesday . The stock traded as high as GBX 0.17 ($0.00) and last traded at GBX 0.16 ($0.00). 60,314,145 shares changed hands during mid-day trading, an increase of 618% from the average session volume of 8,404,438 shares. The stock had previously closed at GBX 0.15 ($0.00).

Corcel Stock Performance

The company’s 50 day simple moving average is GBX 0.16 and its 200 day simple moving average is GBX 0.15. 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 firm has a market cap of £7.18 million, a price-to-earnings ratio of -2,076.12 and a beta of 0.90.

Corcel (LON:CRCL) last released its earnings results on Monday, December 16th. The company reported GBX (0.20) ($0.00) EPS for the quarter.

About Corcel

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.