Beowulf Mining (LON:BEM) Shares Up 27.3% – Here’s What Happened

Beowulf Mining plc (LON:BEM)’s stock price was up 27.3% during mid-day trading on Wednesday . The company traded as high as GBX 7 and last traded at GBX 7. Approximately 64,263 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 92,539 shares. The stock had previously closed at GBX 5.50.

Beowulf Mining Stock Performance

The company has a market capitalization of £4.46 million, a PE ratio of -2.10 and a beta of 0.63. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.47 and a current ratio of 4.50. The stock’s fifty day simple moving average is GBX 5.63 and its 200-day simple moving average is GBX 8.54.

Beowulf Mining (LON:BEM) last released its earnings results on Friday, February 27th. The company reported GBX (3.16) earnings per share (EPS) for the quarter.

About Beowulf Mining

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.