Corcel (LON:CRCL) Shares Up 17.8% – Here’s Why

Corcel Plc (LON:CRCLGet Free Report) was up 17.8% on Wednesday . The company traded as high as GBX 0.18 ($0.00) and last traded at GBX 0.17 ($0.00). Approximately 61,031,398 shares changed hands during trading, an increase of 107% from the average daily volume of 29,539,582 shares. The stock had previously closed at GBX 0.15 ($0.00).

Corcel Trading Up 17.8 %

The business has a 50 day simple moving average of GBX 0.17 and a 200-day simple moving average of GBX 0.17. The stock has a market capitalization of £6.86 million, a P/E ratio of -1,983.85 and a beta of 0.90. The company has a debt-to-equity ratio of 22.60, a quick ratio of 0.09 and a current ratio of 0.67.

Corcel (LON:CRCLGet Free Report) last announced its quarterly earnings data on Monday, March 31st. The company reported GBX (0.05) ($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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