Technology Minerals (LON:TM1) Shares Up 8% – Still a Buy?

Technology Minerals Plc (LON:TM1) shot up 8% during trading on Wednesday . The company traded as high as GBX 0.08 and last traded at GBX 0.08. 62,895,203 shares were traded during mid-day trading, an increase of 30% from the average session volume of 48,216,656 shares. The stock had previously closed at GBX 0.08.

Technology Minerals Stock Up 13.3%

The company has a debt-to-equity ratio of 13.13, a current ratio of 0.06 and a quick ratio of 0.66. The firm’s 50 day moving average price is GBX 0.09 and its two-hundred day moving average price is GBX 0.09. The firm has a market cap of £2.67 million, a price-to-earnings ratio of -0.14 and a beta of 0.60.

Technology Minerals (LON:TM1) last posted its quarterly earnings data on Wednesday, April 1st. The company reported GBX (0.05) EPS for the quarter. The business had revenue of GBX 150 million during the quarter. As a group, sell-side analysts forecast that Technology Minerals Plc will post 0.0442708 earnings per share for the current fiscal year.

About Technology Minerals

Technology Minerals is developing the UK’s first listed, sustainable circular economy for battery metals, using cutting-edge technology to recycle, recover, and re-use battery technologies for a renewable energy future. The Company currently holds 48.35% of the issued share capital of Recyclus Group Ltd, the UK’s first industrial-scale recycler of both lithium-ion and lead acid batteries.

Technology Minerals is focused on raw material exploration required for Li-ion batteries, whilst solving the ecological issue of spent Li-ion batteries, by recycling them for re-use by battery manufacturers.