Corcel (LON:CRCL) Trading Down 4.5% – Here’s Why

Shares of Corcel Plc (LON:CRCL) fell 4.5% during trading on Friday . The stock traded as low as GBX 0.17 ($0.00) and last traded at GBX 0.17 ($0.00). 21,435,980 shares traded hands during mid-day trading, an increase of 120% from the average session volume of 9,747,433 shares. The stock had previously closed at GBX 0.18 ($0.00).

Corcel Price Performance

The stock has a market cap of £5.17 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 current ratio of 1.12 and a quick ratio of 0.09. The stock’s 50 day simple moving average is GBX 0.16 and its two-hundred day simple moving average is GBX 0.14.

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.