Corcel (LON:CRCL) Shares Up 2.9% – Still a Buy?

Corcel Plc (LON:CRCLGet Free Report) shares shot up 2.9% on Tuesday . The stock traded as high as GBX 0.36 and last traded at GBX 0.36. Approximately 842,923 shares changed hands during trading, a decline of 93% from the average daily volume of 12,482,252 shares. The stock had previously closed at GBX 0.35.

Corcel Stock Performance

The firm has a market cap of £33.42 million, a P/E ratio of -2.09 and a beta of 0.21. The company has a current ratio of 2.45, a quick ratio of 0.09 and a debt-to-equity ratio of 0.18. The business’s fifty day simple moving average is GBX 0.40 and its 200-day simple moving average is GBX 0.41.

About Corcel

(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. 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.

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