Corcel (LON:CRCL) Shares Up 14.8% – Time to Buy?

Corcel Plc (LON:CRCLGet Free Report) shares traded up 14.8% during mid-day trading on Monday . The company traded as high as GBX 0.18 ($0.00) and last traded at GBX 0.18 ($0.00). 7,183,613 shares changed hands during trading, an increase of 4% from the average session volume of 6,893,800 shares. The stock had previously closed at GBX 0.16 ($0.00).

Corcel Stock Performance

The firm’s 50-day moving average price is GBX 0.17 and its 200-day moving average price is GBX 0.14. The company has a debt-to-equity ratio of 44.76, a current ratio of 1.12 and a quick ratio of 0.09. The stock has a market cap of £5.35 million, a P/E ratio of -44.50 and a beta of 0.90.

Corcel Company Profile

(Get Free Report)

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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