Corcel (LON:CRCL) Stock Price Up 2.3% – Here’s Why

Corcel Plc (LON:CRCL)’s share price was up 2.3% on Monday . The company traded as high as GBX 0.45 and last traded at GBX 0.45. Approximately 37,631,625 shares changed hands during mid-day trading, an increase of 165% from the average daily volume of 14,222,746 shares. The stock had previously closed at GBX 0.44.

Corcel Trading Up 2.3%

The company has a quick ratio of 0.09, a current ratio of 0.24 and a debt-to-equity ratio of 16.99. The firm has a market cap of £37.89 million, a P/E ratio of -2.62 and a beta of 0.21. The company’s 50 day simple moving average is GBX 0.36 and its 200-day simple moving average is GBX 0.37.

Corcel (LON:CRCL) last released its earnings results on Monday, December 22nd. The company reported GBX (0.09) EPS for the quarter.

Corcel Company Profile

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. Founded in 2004 and listed in 2005, the company trades under the ticker CRCL on the Alternative Investment Market (AIM) of the London Stock Exchange. Corcel is led by an experienced management team with extensive sector and AIM expertise.