Corcel (LON:CRCL) Shares Down 2.8% – Here’s What Happened

Shares of Corcel Plc (LON:CRCLGet Free Report) dropped 2.8% during mid-day trading on Monday . The stock traded as low as GBX 0.35 and last traded at GBX 0.35. Approximately 3,411,659 shares changed hands during trading, a decline of 89% from the average daily volume of 29,695,488 shares. The stock had previously closed at GBX 0.36.

Corcel Price Performance

The firm has a 50-day simple moving average of GBX 0.37 and a 200-day simple moving average of GBX 0.37. The firm has a market cap of £24.37 million, a P/E ratio of -2.19 and a beta of 0.90. The company has a current ratio of 0.67, a quick ratio of 0.09 and a debt-to-equity ratio of 22.60.

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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