Coro Energy (LON:CORO) Shares Down 20% – Here’s Why

Shares of Coro Energy plc (LON:CORO) traded down 20% during trading on Wednesday . The stock traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). 9,273,682 shares were traded during trading, a decline of 82% from the average session volume of 52,097,168 shares. The stock had previously closed at GBX 0.03 ($0.00).

Coro Energy Trading Down 20.0 %

The firm has a market capitalization of £574,000.00, a price-to-earnings ratio of -0.47 and a beta of 1.11. The firm’s 50 day moving average is GBX 0.04 and its 200 day moving average is GBX 0.11. The company has a quick ratio of 1.60, a current ratio of 0.03 and a debt-to-equity ratio of 17,108.94.

Coro Energy Company Profile

Coro Energy plc operates as an energy company in South East Asia. Its asset portfolio includes Mako gas field in Indonesia; and wind and solar projects in the Philippines and Vietnam. The company was formerly known as Saffron Energy Plc. Coro Energy plc was incorporated in 2016 and is based in Leeds, the United Kingdom.