Corcel (LON:CRCL) Stock Price Up 13.6% – Still a Buy?

Corcel Plc (LON:CRCL)’s share price traded up 13.6% during mid-day trading on Monday . The stock traded as high as GBX 0.46 and last traded at GBX 0.46. 32,036,529 shares traded hands during mid-day trading, an increase of 109% from the average session volume of 15,354,605 shares. The stock had previously closed at GBX 0.41.

Corcel Trading Up 3.4%

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.09 and a current ratio of 2.45. The company has a 50 day simple moving average of GBX 0.45 and a two-hundred day simple moving average of GBX 0.39. The company has a market cap of £42.37 million, a PE ratio of -2.65 and a beta of 0.21.

Corcel (LON:CRCL) last posted its quarterly earnings results on Monday, March 30th. The company reported GBX (0.05) earnings per share (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.