Cloudbreak Discovery (LON:CDL) Trading 11.1% Higher – Time to Buy?

Cloudbreak Discovery Plc (LON:CDL)’s share price was up 11.1% during trading on Thursday . The stock traded as high as GBX 0.10 ($0.00) and last traded at GBX 0.10 ($0.00). Approximately 3,700,000 shares changed hands during mid-day trading, an increase of 79% from the average daily volume of 2,071,092 shares. The stock had previously closed at GBX 0.09 ($0.00).

Cloudbreak Discovery Trading Up 11.1 %

The firm has a market capitalization of £1.13 million, a P/E ratio of -0.40 and a beta of -0.14. The firm has a fifty day simple moving average of GBX 0.13 and a two-hundred day simple moving average of GBX 0.17. The company has a debt-to-equity ratio of 22.18, a current ratio of 1.13 and a quick ratio of 0.39.

Cloudbreak Discovery (LON:CDL) last announced its quarterly earnings data on Friday, January 31st. The company reported GBX (0.10) ($0.00) earnings per share for the quarter. Cloudbreak Discovery had a negative return on equity of 87.92% and a negative net margin of 842.88%.

About Cloudbreak Discovery

Cloudbreak Discovery PLC is a leading London listed royalty company and natural resource project generator. Cloudbreak is focused on energy royalty acquisitions with the aim of bringing near-term cashflow and driving shareholder value. Its primary operating jurisdiction is the United States, but the Company will continue to deploy its project generation model in the international energy sector to acquire minority interests in projects of merit.

Through its wholly owned but independently operated subsidiary, Cloudbreak Exploration Inc, the Company will develop its array of mineral assets, whilst continuing to generate new projects with a particular focus on commodities key to the energy transition.

The Group’s generative model across the energy and mineral sector enables a multi-asset approach to investing and exploration.