Cloudbreak Discovery (LON:CDL) Trading Down 12.6% – Here’s What Happened

Cloudbreak Discovery Plc (LON:CDL)’s stock price was down 12.6% during mid-day trading on Thursday . The stock traded as low as GBX 0.58 and last traded at GBX 0.58. Approximately 2,587,986 shares changed hands during trading, a decline of 71% from the average daily volume of 9,005,095 shares. The stock had previously closed at GBX 0.67.

Cloudbreak Discovery Stock Performance

The company has a fifty day moving average of GBX 0.77 and a two-hundred day moving average of GBX 0.62. The company has a market cap of £9.83 million, a price-to-earnings ratio of -3.50 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 results on Monday, October 27th. The company reported GBX (0.20) 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.