Cloudbreak Discovery (LON:CDL) Trading 11.1% Higher – Time to Buy?

Cloudbreak Discovery Plc (LON:CDL) shares were up 11.1% during trading on Thursday . The stock traded as high as GBX 0.10 ($0.00) and last traded at GBX 0.10 ($0.00). Approximately 3,700,000 shares changed hands during mid-day trading, an increase of 79% from the average daily volume of 2,071,092 shares. The stock had previously closed at GBX 0.09 ($0.00).

Cloudbreak Discovery Stock Performance

The stock’s 50 day moving average is GBX 0.12 and its two-hundred day moving average is GBX 0.17. The company has a current ratio of 1.13, a quick ratio of 0.39 and a debt-to-equity ratio of 22.18. The stock has a market capitalization of £1.02 million, a price-to-earnings ratio of -0.36 and a beta of -0.14.

Cloudbreak Discovery (LON:CDL) last posted its earnings results on Friday, January 31st. The company reported GBX (0.10) ($0.00) EPS for the quarter. Cloudbreak Discovery had a negative return on equity of 87.92% and a negative net margin of 842.88%.

Cloudbreak Discovery Company Profile

Cloudbreak Discovery PLC is a leading London listed royalty company and natural resource project generator. Cloudbreak is focused on energy royalty acquisitions with the aim of bringing near-term cashflow and driving shareholder value. Its primary operating jurisdiction is the United States, but the Company will continue to deploy its project generation model in the international energy sector to acquire minority interests in projects of merit.

Through its wholly owned but independently operated subsidiary, Cloudbreak Exploration Inc, the Company will develop its array of mineral assets, whilst continuing to generate new projects with a particular focus on commodities key to the energy transition.

The Group’s generative model across the energy and mineral sector enables a multi-asset approach to investing and exploration.