Corcel (LON:CRCL) Sets New 52-Week High – Time to Buy?

Corcel Plc (LON:CRCL) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 0.47 and last traded at GBX 0.46, with a volume of 10551155 shares. The stock had previously closed at GBX 0.45.

Corcel Trading Up 3.4%

The company has a debt-to-equity ratio of 16.99, a current ratio of 0.24 and a quick ratio of 0.09. The firm’s fifty day moving average is GBX 0.38 and its two-hundred day moving average is GBX 0.37. The firm has a market capitalization of £39.17 million, a PE ratio of -2.71 and a beta of 0.21.

Corcel (LON:CRCL) last released its 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.