Corcel (LON:CRCL) Shares Down 4.5% – Time to Sell?

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

Corcel Stock Performance

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 50 day moving average of GBX 0.16 and a 200 day moving average of GBX 0.14. The stock has a market capitalization of £5.17 million, a P/E ratio of -44.50 and a beta of 0.90.

About Corcel

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.