Corcel (LON:CRCL) Trading 13.1% Higher – Still a Buy?

Corcel Plc (LON:CRCLGet Free Report) shares traded up 13.1% during mid-day trading on Saturday . The company traded as high as GBX 0.21 ($0.00) and last traded at GBX 0.20 ($0.00). 60,522,215 shares changed hands during mid-day trading, an increase of 96% from the average session volume of 30,892,564 shares. The stock had previously closed at GBX 0.18 ($0.00).

Corcel Price Performance

The company has a current ratio of 0.67, a quick ratio of 0.09 and a debt-to-equity ratio of 22.60. The company has a market capitalization of £7.90 million, a P/E ratio of -2,283.74 and a beta of 0.90. The company has a 50 day moving average price of GBX 0.18 and a 200 day moving average price of GBX 0.17.

Corcel (LON:CRCLGet Free Report) last announced its quarterly earnings results 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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