Cloudbreak Discovery (LON:CDL) Shares Up 13.7% – Here’s What Happened

Shares of Cloudbreak Discovery Plc (LON:CDL) were up 13.7% during trading on Tuesday . The company traded as high as GBX 0.11 ($0.00) and last traded at GBX 0.11 ($0.00). Approximately 62,694 shares traded hands during trading, a decline of 98% from the average daily volume of 3,311,749 shares. The stock had previously closed at GBX 0.10 ($0.00).

Cloudbreak Discovery Stock Performance

The stock has a market cap of £1.20 million, a price-to-earnings ratio of -0.42 and a beta of -0.14. The company’s fifty day simple moving average is GBX 0.14 and its two-hundred day simple moving average is GBX 0.18. The company has a debt-to-equity ratio of 22.18, a current ratio of 1.13 and a quick ratio of 0.39.

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

About Cloudbreak Discovery

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.