Beowulf Mining (LON:BEM) Shares Down 17.6% – Time to Sell?

Shares of Beowulf Mining plc (LON:BEMGet Free Report) dropped 17.6% on Tuesday . The company traded as low as GBX 7 and last traded at GBX 7. Approximately 62,928 shares were traded during trading, a decline of 6% from the average daily volume of 66,942 shares. The stock had previously closed at GBX 8.50.

Beowulf Mining Stock Performance

The company has a current ratio of 3.73, a quick ratio of 1.47 and a debt-to-equity ratio of 0.22. The firm has a market cap of £4.26 million, a PE ratio of -2.21 and a beta of 0.63. The stock’s 50 day moving average price is GBX 10.45 and its 200 day moving average price is GBX 10.35.

Beowulf Mining Company Profile

(Get Free Report)

Beowulf Mining plc engages in the acquisition, exploration, and evaluation of natural resource assets in Sweden, Finland, and Kosovo. The company explores for iron ore, base precious metals, lead, zinc, gold, copper, silver, graphite, and other mineral properties. Its projects include the Kallak iron ore located in Norrbotten County, Northern Sweden; Atvidaberg exploration license that comprises 12,533 hectares, which cover an area of 225 square kilometers situated in the Bergslagen area, southern Sweden; and Pitkajarvi and Aitolampi graphite prospects covers an area of 407 hectares, which are located in Eastern Finland.

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