Cloudbreak Discovery (LON:CDL) Trading 18% Higher – Still a Buy?

Cloudbreak Discovery Plc (LON:CDL) traded up 18% during mid-day trading on Monday . The company traded as high as GBX 0.13 ($0.00) and last traded at GBX 0.12 ($0.00). 1,865,310 shares were traded during mid-day trading, a decline of 23% from the average session volume of 2,413,865 shares. The stock had previously closed at GBX 0.10 ($0.00).

Cloudbreak Discovery Trading Up 30.0 %

The business’s fifty day moving average is GBX 0.15 and its 200-day moving average is GBX 0.19. The firm has a market cap of £1.47 million, a P/E ratio of -0.51 and a beta of -0.14. The company has a debt-to-equity ratio of 22.18, a quick ratio of 0.39 and a current ratio of 1.13.

Cloudbreak Discovery (LON:CDL) last issued its quarterly earnings results on Friday, January 31st. The company reported GBX (0.10) ($0.00) earnings per share (EPS) for the quarter. Cloudbreak Discovery had a negative return on equity of 87.92% and a negative net margin of 842.88%.

Cloudbreak Discovery Company Profile

Cloudbreak Discovery PLC is a leading London listed royalty company and natural resource project generator. Cloudbreak is focused on energy royalty acquisitions with the aim of bringing near-term cashflow and driving shareholder value. Its primary operating jurisdiction is the United States, but the Company will continue to deploy its project generation model in the international energy sector to acquire minority interests in projects of merit.

Through its wholly owned but independently operated subsidiary, Cloudbreak Exploration Inc, the Company will develop its array of mineral assets, whilst continuing to generate new projects with a particular focus on commodities key to the energy transition.

The Group’s generative model across the energy and mineral sector enables a multi-asset approach to investing and exploration.