Technology Minerals (LON:TM1) Stock Price Down 7.3% – Time to Sell?

Technology Minerals Plc (LON:TM1) shares were down 7.3% during mid-day trading on Friday . The stock traded as low as GBX 0.05 and last traded at GBX 0.05. Approximately 15,406,514 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 27,892,707 shares. The stock had previously closed at GBX 0.06.

Technology Minerals Stock Performance

The firm has a market cap of £1.57 million, a PE ratio of -0.08 and a beta of 0.60. The company has a 50 day simple moving average of GBX 0.08 and a 200-day simple moving average of GBX 0.08. The company has a debt-to-equity ratio of 13.13, a current ratio of 0.06 and a quick ratio of 0.66.

Technology Minerals (LON:TM1) last issued its earnings results on Wednesday, April 1st. The company reported GBX (0.05) earnings per share (EPS) for the quarter. The business had revenue of GBX 150 million during the quarter. As a group, equities research analysts anticipate that Technology Minerals Plc will post 0.0442708 EPS for the current year.

Technology Minerals Company Profile

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.