Power Metal Resources (LON:POW) Reaches New 12-Month Low – Here’s What Happened

Power Metal Resources plc (LON:POW) shares reached a new 52-week low on Monday . The stock traded as low as GBX 11.50 and last traded at GBX 12.34, with a volume of 724723 shares traded. The stock had previously closed at GBX 11.79.

Power Metal Resources Stock Up 4.6%

The firm has a market capitalization of £13.93 million, a price-to-earnings ratio of 4.05 and a beta of 0.29. The company has a debt-to-equity ratio of 2.25, a quick ratio of 2.24 and a current ratio of 6.66. The business’s 50 day moving average is GBX 13.01 and its 200-day moving average is GBX 13.96.

Power Metal Resources (LON:POW) last issued its quarterly earnings results on Tuesday, June 2nd. The company reported GBX 2.44 earnings per share (EPS) for the quarter. The company had revenue of GBX 8 million for the quarter. Power Metal Resources had a negative return on equity of 14.52% and a negative net margin of 6,109.68%.

About Power Metal Resources

Power Metal Resources plc, together with its subsidiaries, engages in the exploration and exploitation of mineral resources in Africa, Australia, Canada, and the United States. The company primarily explores for nickel, lithium, tungsten, rare earths, platinum group elements, copper, graphite, uranium, gold, and silver. The company was formerly known as African Battery Metals Plc and changed its name to Power Metal Resources plc in June 2019. Power Metal Resources plc was incorporated in 2011 and is based in London, the United Kingdom.