Cloudbreak Discovery (LON:CDL) Trading 11.1% Higher – Should You Buy?

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

Cloudbreak Discovery Price Performance

The stock has a market cap of £1.13 million, a P/E ratio of -0.40 and a beta of -0.14. The business’s 50 day moving average price is GBX 0.13 and its two-hundred day moving average price is GBX 0.17. The company has a current ratio of 1.13, a quick ratio of 0.39 and a debt-to-equity ratio of 22.18.

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 (EPS) for the quarter. Cloudbreak Discovery had a negative net margin of 842.88% and a negative return on equity of 87.92%.

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.