Corcel (LON:CRCL) Shares Up 13.3% – What’s Next?

Corcel Plc (LON:CRCLGet Free Report) shares shot up 13.3% on Wednesday . The stock traded as high as GBX 0.17 ($0.00) and last traded at GBX 0.17 ($0.00). 91,440,672 shares traded hands 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 Stock Up 2.8 %

The company has a debt-to-equity ratio of 22.60, a current ratio of 0.67 and a quick ratio of 0.09. The firm’s 50-day simple moving average is GBX 0.16 and its two-hundred day simple moving average is GBX 0.15. The company has a market capitalization of £7.38 million, a price-to-earnings ratio of -2,133.79 and a beta of 0.90.

Corcel (LON:CRCLGet Free Report) last issued 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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