Corcel (LON:CRCL) Trading Up 9.5% – Time to Buy?

Shares of Corcel Plc (LON:CRCL) were up 9.5% on Tuesday . The stock traded as high as GBX 0.52 and last traded at GBX 0.52. Approximately 12,188,742 shares traded hands during mid-day trading, a decline of 19% from the average daily volume of 15,093,737 shares. The stock had previously closed at GBX 0.48.

Corcel Price Performance

The company has a 50-day moving average of GBX 0.38 and a 200 day moving average of GBX 0.37. The company has a debt-to-equity ratio of 16.99, a quick ratio of 0.09 and a current ratio of 0.24. The firm has a market cap of £44.28 million, a P/E ratio of -3.06 and a beta of 0.21.

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.