Ncondezi Energy (LON:NCCL) Shares Down 5.7% – Here’s Why

Ncondezi Energy Limited (LON:NCCL) shares traded down 5.7% on Friday . The company traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.83 ($0.01). 550,000 shares were traded during mid-day trading, a decline of 58% from the average session volume of 1,297,241 shares. The stock had previously closed at GBX 0.88 ($0.01).

Ncondezi Energy Stock Performance

The firm’s fifty day moving average is GBX 0.83 and its 200 day moving average is GBX 0.83. The firm has a market capitalization of £4.67 million, a price-to-earnings ratio of -1.75 and a beta of 1.05. The company has a debt-to-equity ratio of 44.11, a current ratio of 0.08 and a quick ratio of 0.08.

Ncondezi Energy Company Profile

Ncondezi Energy Limited, a power development company, focuses on the phased development of thermal coal power plant and mine project in Mozambique. It operates through C&I Solar PV and Battery Storage Project; and Power Project and Mine Project segments. The company develops a 300MW integrated power plant and mine to produce and supply electricity to the Mozambican market.