Corcel (LON:CRCL) Trading 13.3% Higher – Should You Buy?

Shares of Corcel Plc (LON:CRCLGet Free Report) shot up 13.3% during mid-day trading on Tuesday . The company traded as high as GBX 0.17 ($0.00) and last traded at GBX 0.17 ($0.00). 91,440,672 shares were traded during trading, an increase of 881% from the average session volume of 9,319,924 shares. The stock had previously closed at GBX 0.15 ($0.00).

Corcel Trading Up 4.2 %

The company has a debt-to-equity ratio of 22.60, a quick ratio of 0.09 and a current ratio of 0.67. The company’s 50 day moving average is GBX 0.16 and its 200 day moving average is GBX 0.15. The stock has a market capitalization of £6.98 million, a price-to-earnings ratio of -2,018.45 and a beta of 0.90.

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