Cloudbreak Discovery (LON:CDL) Trading Up 10% – Still a Buy?

Shares of Cloudbreak Discovery Plc (LON:CDL) rose 10% during mid-day trading on Thursday . The company traded as high as GBX 0.11 ($0.00) and last traded at GBX 0.11 ($0.00). Approximately 315,994 shares traded hands during trading, a decline of 90% from the average daily volume of 3,221,441 shares. The stock had previously closed at GBX 0.10 ($0.00).

Cloudbreak Discovery Stock Performance

The company’s 50 day moving average is GBX 0.10 and its 200 day moving average is GBX 0.14. The firm has a market cap of £1.02 million, a P/E ratio of -0.36 and a beta of -0.14. The company has a debt-to-equity ratio of 22.18, a quick ratio of 0.39 and a current ratio of 1.13.

Cloudbreak Discovery (LON:CDL) last issued its quarterly earnings data on Monday, March 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.