Corcel (LON:CRCL) Shares Up 14.8% – Time to Buy?

Corcel Plc (LON:CRCLGet Free Report) traded up 14.8% during mid-day trading on Monday . The company traded as high as GBX 0.18 ($0.00) and last traded at GBX 0.18 ($0.00). 7,183,613 shares traded hands during mid-day trading, an increase of 4% from the average session volume of 6,893,800 shares. The stock had previously closed at GBX 0.16 ($0.00).

Corcel Stock Performance

The stock has a fifty day simple moving average of GBX 0.17 and a two-hundred day simple moving average of GBX 0.14. The stock has a market capitalization of £5.35 million, a price-to-earnings ratio of -44.50 and a beta of 0.90. The company has a debt-to-equity ratio of 44.76, a quick ratio of 0.09 and a current ratio of 1.12.

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

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