Corcel (LON:CRCL) Shares Up 13.2% – What’s Next?

Corcel Plc (LON:CRCL) shares traded up 13.2% during mid-day trading on Monday . The stock traded as high as GBX 0.39 and last traded at GBX 0.39. 26,836,748 shares traded hands during trading, an increase of 92% from the average session volume of 13,948,121 shares. The stock had previously closed at GBX 0.34.

Corcel Stock Performance

The firm has a market capitalization of £33.64 million, a PE ratio of -2.32 and a beta of 0.90. The business’s fifty day simple moving average is GBX 0.35 and its 200-day simple moving average is GBX 0.37. The company has a debt-to-equity ratio of 22.60, a quick ratio of 0.09 and a current ratio of 0.67.

Corcel (LON:CRCL) last announced its quarterly earnings results on Monday, December 22nd. The company reported GBX (0.09) EPS for the quarter.

Corcel Company Profile

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. Founded in 2004 and listed in 2005, the company trades under the ticker CRCL on the Alternative Investment Market (AIM) of the London Stock Exchange. Corcel is led by an experienced management team with extensive sector and AIM expertise.