Corcel (LON:CRCL) Stock Price Down 2.4% – What’s Next?

Corcel Plc (LON:CRCL)’s stock price dropped 2.4% during mid-day trading on Tuesday . The stock traded as low as GBX 0.40 and last traded at GBX 0.40. 30,383,693 shares changed hands during trading, an increase of 155% from the average daily volume of 11,893,341 shares. The stock had previously closed at GBX 0.41.

Corcel Stock Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 2.45 and a quick ratio of 0.09. The firm has a market cap of £43.97 million, a price-to-earnings ratio of -2.75 and a beta of 0.21. The firm has a fifty day simple moving average of GBX 0.38 and a two-hundred day simple moving average of GBX 0.41.

About Corcel

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.