Ironveld (LON:IRON) Shares Down 19.2% – Time to Sell?

Ironveld Plc (LON:IRON) shares were down 19.2% during mid-day trading on Tuesday . The stock traded as low as GBX 0.04 and last traded at GBX 0.04. Approximately 442,186,750 shares traded hands during mid-day trading, an increase of 526% from the average daily volume of 70,630,109 shares. The stock had previously closed at GBX 0.05.

Ironveld Stock Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 0.20 and a quick ratio of 0.29. The stock has a market cap of £6.65 million, a P/E ratio of -1.05 and a beta of 0.37. The stock has a 50-day simple moving average of GBX 0.05 and a 200-day simple moving average of GBX 0.05.

Ironveld Company Profile

Ironveld is a speciality metals producer based in Southern Africa that seeks to maximise revenues from the metals it produces by its Mining division and processing them at its Rustenburg smelter, operated by its Smelting division, and producing specialist high purity iron powders as well as Vanadium slag and Titanium slag, all critical for the green energy transition.