Corcel (LON:CRCL) Trading 2.7% Higher – Here’s Why

Corcel Plc (LON:CRCLGet Free Report)’s share price traded up 2.7% during mid-day trading on Wednesday . The stock traded as high as GBX 0.21 ($0.00) and last traded at GBX 0.19 ($0.00). 34,906,246 shares changed hands during trading, an increase of 165% from the average session volume of 13,189,103 shares. The stock had previously closed at GBX 0.19 ($0.00).

Corcel Price 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 current ratio of 0.67, a quick ratio of 0.09 and a debt-to-equity ratio of 22.60. The company has a market capitalization of £8.50 million, a price-to-earnings ratio of -2,456.75 and a beta of 0.90.

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

Corcel Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Corcel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corcel and related companies with MarketBeat.com's FREE daily email newsletter.