Corcel (RM4B) Stock Overview

Engages in the development of battery metals and exploration and production of oil and gas projects in the United Kingdom. More details

RM4B fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Risk Analysis

Earnings have declined by 27.1% per year over past 5 years

Makes less than USD$1m in revenue (£0)

Highly volatile share price over the past 3 months compared to the German market

Shareholders have been substantially diluted in the past year

+ 2 more risks

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Corcel Plc Competitors

Price History & Performance

Summary of share price highs, lows and changes for Corcel
Historical stock prices
Current Share Price	UK£0.002
52 Week High	UK£0.009
52 Week Low	UK£0.0005
Beta	-0.26
1 Month Change	33.33%
3 Month Change	0%
1 Year Change	-33.33%
3 Year Change	33.33%
5 Year Change	-77.78%
Change since IPO	-99.90%

Recent updates

Shareholder Returns

	RM4B	DE Metals and Mining	DE Market
7D	33.3%	1.1%	-2.1%
1Y	-33.3%	64.1%	3.6%

Return vs Industry: RM4B underperformed the German Metals and Mining industry which returned 72.6% over the past year.

Return vs Market: RM4B underperformed the German Market which returned 4.6% over the past year.

Price Volatility

Is RM4B's price volatile compared to industry and market?
RM4B volatility
RM4B Average Weekly Movement	23.1%
Metals and Mining Industry Average Movement	8.1%
Market Average Movement	5.1%
10% most volatile stocks in DE Market	12.6%
10% least volatile stocks in DE Market	2.6%

Stable Share Price: RM4B's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: RM4B's weekly volatility has decreased from 116% to 23% over the past year, but is still higher than 75% of German stocks.

About the Company

Founded	Employees	CEO	Website
2004	10	Scott Gilbert	www.corcelplc.com

Corcel Plc, together with its subsidiaries, engages in the development of battery metals and exploration and production of oil and gas projects in the United Kingdom. The company owns a 41% interest in the Mambare nickel-cobalt project with license EL1390 covering an area of approximately 256 square kilometers near Kokoda in Papua New Guinea. It holds 80% interest in the Mt.

Corcel Plc Fundamentals Summary

How do Corcel's earnings and revenue compare to its market cap?
RM4B fundamental statistics
Market cap	€44.91m
Earnings (TTM)	-€5.60m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-8.0x

P/E Ratio

Is RM4B overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RM4B income statement (TTM)
Revenue	UK£0
Cost of Revenue	UK£68.00k
Gross Profit	-UK£68.00k
Other Expenses	UK£4.75m
Earnings	-UK£4.81m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	-0.00051
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0.2%

How did RM4B perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/10 04:28
End of Day Share Price	2026/09/10 00:00
Earnings	2025/12/31
Annual Earnings	2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Corcel Plc is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Stephane Guy Foucaud	Auctus Advisors LLP
Lord Ashbourne	Edison Investment Research
Daniel Slater	Zeus Capital Limited

Corcel (RM4B) Stock Overview

Risk Analysis

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Corcel Plc Competitors

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Price History & Performance

Recent News & Updates

Less than half of directors are independent

Corcel plc Announces Chief Financial Officer Changes

Corcel Plc, Annual General Meeting, Jan 28, 2026

Corcel Plc has completed a Follow-on Equity Offering in the amount of £3 million.

Corcel Plc has completed a Follow-on Equity Offering in the amount of £1.1 million.

Corcel plc Announces Successful Results of the EI-1 Well Workover, Brazil

Recent updates

Less than half of directors are independent

Corcel plc Announces Chief Financial Officer Changes

Corcel Plc, Annual General Meeting, Jan 28, 2026

Corcel Plc has completed a Follow-on Equity Offering in the amount of £3 million.

Corcel Plc has completed a Follow-on Equity Offering in the amount of £1.1 million.

Corcel plc Announces Successful Results of the EI-1 Well Workover, Brazil

Corcel Plc has completed a Follow-on Equity Offering in the amount of £2.717 million.

Corcel Plc, Annual General Meeting, Dec 20, 2024

Corcel plc Announces Board Changes

Corcel Plc Announces Resignation of Antoine Karam as Non-Executive Director

New minor risk - Financial data availability

Corcel plc Appoints Scott Gilbert as Permanent Chief Executive Officer

Corcel plc Announces Management and Board Changes

Corcel Plc, Annual General Meeting, May 09, 2024

Corcel plc Announces an Update to Tobias Field Reivation Activities in Block KON-11 in the Kwanza Basin, Onshore Angola

New major risk - Financial position

New major risk - Market cap size

Corcel plc Provides an Update on the Drilling Results of the Tobias-14 Well in the Onshore Block KON-11, in Angola

Corcel plc Announces Board Appointments

Corcel Plc, Annual General Meeting, Dec 22, 2023

Corcel Plc, Annual General Meeting, Dec 08, 2023

Corcel plc Receives Notice from the Operator of the Onshore KON-11 Block in Angola

Integrated Battery Metals Pte Ltd. made an offer to acquire 41% stake in Mambare nickel/cobalt Project from Corcel Plc (AIM:CRCL) for $4.1 million.

New minor risk - Financial data availability

Corcel Plc announced that it expects to receive £10 million in funding from Extraction S.R.L

Corcel Plc Announces Commencement of Block KON-11 Exploration Work

Corcel Plc Announces Resignation of James Parsons as Director

Corcel plc Announces Executive Changes

Corcel Plc (AIM:CRCL) acquired 90% majority interest in Atlas Petroleum Exploration Worldwide, Ltd for £0.63 million.

Corcel Plc announced that it has received £0.466 million in funding from AUSPECT Investment PTY Ltd

Corcel Plc (AIM:CRCL) agreed to acquire Mt Weld (P38/4489) Project from Peter Romeo Gianni, Geonomics Australia Pty Ltd and David Anthony Lenigas.

Less than half of directors are independent

Corcel Plc, Annual General Meeting, Dec 22, 2022

Terra Firma Limited acquired 40% stake in Shovel ready 50MW Tring Road gas peaking Project from Corcel Plc (AIM:CRCL) for £0.32 million.

Corcel Plc has completed a Follow-on Equity Offering in the amount of £0.2 million.

Corcel Plc (AIM:CRCL) acquired Wowo Gap Nickel/Cobalt Project in Papua New Guinea recently.

Executive Chairman of the Board recently bought €79k worth of stock

Corcel Plc (AIM:CRCL) acquired a 40% stake in Shovel ready 50MW Tring Road gas peaking Project from Arlington Energy Limited for £0.35 million.

Corcel Plc has completed a Follow-on Equity Offering in the amount of £0.3 million.

Corcel Plc has completed a Follow-on Equity Offering.

Corcel plc Announces Mambare Project Update

Corcel Plc Announces Results from the 2020 Exploration Program At the Dempster Vanadium Project

Corcel Plc Announces Resignation of Nigel Burton as Non-Executive Director

Corcel Plc Provides Update on Burwell Battery Storage Partner Buyout

Corcel Plc (AIM:CRCL) agreed to acquire the remaining 50% stake in Weirs Drove Development Ltd from Tim Dobson and Christian Yates for £0.09 million.

Corcel Plc has completed a Follow-on Equity Offering in the amount of £0.75 million.

Regency Mines Plc (AIM:RGM) acquired a 50% stake in Weirs Drove Development Ltd for £0.02 million.

Regency Mines Plc has completed a Follow-on Equity Offering in the amount of £0.21 million.

Shareholder Returns

Price Volatility

About the Company

Corcel Plc Fundamentals Summary

Earnings & Revenue

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources