Corcel (LON:CRCL) Trading Down 5.2% – Time to Sell?

Corcel Plc (LON:CRCLGet Free Report) shares fell 5.2% on Friday . The stock traded as low as GBX 0.16 ($0.00) and last traded at GBX 0.16 ($0.00). 11,174,441 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 30,297,439 shares. The stock had previously closed at GBX 0.17 ($0.00).

Corcel Stock Down 4.3 %

The firm has a market cap of £6.22 million, a P/E ratio of -1,799.31 and a beta of 0.90. The company’s 50-day simple moving average is GBX 0.18 and its 200 day simple moving average is GBX 0.16. The company has a debt-to-equity ratio of 22.60, a current ratio of 0.67 and a quick ratio of 0.09.

Corcel (LON:CRCLGet Free Report) last released its earnings results on Monday, March 31st. The company reported GBX (0.05) ($0.00) earnings per share for the quarter.

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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