Corcel (LON:CRCL) Stock Price Up 18.9% – Should You Buy?

Corcel Plc (LON:CRCLGet Free Report)’s share price rose 18.9% during mid-day trading on Wednesday . The company traded as high as GBX 0.22 ($0.00) and last traded at GBX 0.22 ($0.00). Approximately 67,139,227 shares changed hands during trading, an increase of 380% from the average daily volume of 13,994,927 shares. The stock had previously closed at GBX 0.19 ($0.00).

Corcel Stock Up 8.1 %

The company has a quick ratio of 0.09, a current ratio of 0.67 and a debt-to-equity ratio of 22.60. The stock has a market capitalization of £7.98 million, a PE ratio of -2,306.81 and a beta of 0.90. The firm’s fifty day moving average is GBX 0.16 and its 200-day moving average is GBX 0.15.

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

About Corcel

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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.

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