Corcel (LON:CRCL) Stock Price Down 4.5% – What’s Next?

Corcel Plc (LON:CRCL) shares traded down 4.5% during trading on Saturday . The company traded as low as GBX 0.17 ($0.00) and last traded at GBX 0.17 ($0.00). 21,435,980 shares traded hands during mid-day trading, an increase of 120% from the average session volume of 9,747,433 shares. The stock had previously closed at GBX 0.18 ($0.00).

Corcel Stock Performance

The company’s fifty day simple moving average is GBX 0.16 and its two-hundred day simple moving average is GBX 0.14. The company has a debt-to-equity ratio of 44.76, a quick ratio of 0.09 and a current ratio of 1.12. The stock has a market capitalization of £5.17 million, a P/E ratio of -44.50 and a beta of 0.90.

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.