ADM Energy (LON:ADME) Shares Down 14.3% – Should You Sell?

Shares of ADM Energy plc (LON:ADME) fell 14.3% on Tuesday . The company traded as low as GBX 0.03 and last traded at GBX 0.03. 1,018,181 shares changed hands during trading, a decline of 72% from the average session volume of 3,692,642 shares. The stock had previously closed at GBX 0.04.

ADM Energy Price Performance

The firm’s 50-day moving average price is GBX 0.05 and its 200-day moving average price is GBX 0.05. The company has a market cap of £843,460.20, a price-to-earnings ratio of 3.30 and a beta of 0.10. The company has a debt-to-equity ratio of -23.88, a current ratio of 0.01 and a quick ratio of 0.16.

ADM Energy (LON:ADME) last posted its earnings results on Monday, February 9th. The company reported GBX 0.01 earnings per share for the quarter. ADM Energy had a negative net margin of 320.54% and a negative return on equity of 583.57%. Sell-side analysts forecast that ADM Energy plc will post -69.9999984 earnings per share for the current fiscal year.

ADM Energy Company Profile

ADM Energy plc operates as a natural resource investment company. The company has interests in OML 113, an offshore license that covers an area of 835 square kilometers; and OML 141, an oil mining license covering an area of 1,295 square kilometers located in Nigeria. It also invests in metals, minerals, and oil and gas projects. The company was formerly known as MX Oil plc and changed its name to ADM Energy plc in June 2019. ADM Energy plc was incorporated in 2004 and is based in London, the United Kingdom.