Corcel (LON:CRCL) Stock Price Down 5.9% – Here’s Why

Corcel Plc (LON:CRCL) dropped 5.9% during mid-day trading on Monday . The stock traded as low as GBX 0.38 and last traded at GBX 0.38. Approximately 2,331,220 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 14,339,898 shares. The stock had previously closed at GBX 0.41.

Corcel Stock Down 1.2%

The company has a debt-to-equity ratio of 0.18, a current ratio of 2.45 and a quick ratio of 0.09. The business’s 50 day moving average price is GBX 0.43 and its 200 day moving average price is GBX 0.40. The firm has a market cap of £37.66 million, a PE ratio of -2.35 and a beta of 0.21.

Corcel (LON:CRCL) last issued its quarterly earnings results on Monday, March 30th. The company reported GBX (0.05) earnings per share for the quarter.

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. 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.