Alkemy Capital Investments (LON:ALK) Stock Price Down 6.1% – Time to Sell?

Alkemy Capital Investments Plc (LON:ALK)’s share price fell 6.1% on Wednesday . The stock traded as low as GBX 274.47 and last traded at GBX 284. Approximately 118,182 shares changed hands during mid-day trading, an increase of 97% from the average daily volume of 59,885 shares. The stock had previously closed at GBX 302.50.

Alkemy Capital Investments Stock Down 6.1%

The firm has a market capitalization of £31.62 million, a P/E ratio of -11.24 and a beta of 0.60. The company has a debt-to-equity ratio of -289.88, a quick ratio of 0.02 and a current ratio of 0.08. The firm’s 50-day moving average is GBX 273.51 and its 200 day moving average is GBX 321.20.

Alkemy Capital Investments (LON:ALK) last released its quarterly earnings results on Thursday, May 28th. The company reported GBX (25.27) earnings per share (EPS) for the quarter. Alkemy Capital Investments had a negative net margin of 2,682,812.71% and a positive return on equity of 366.39%.

About Alkemy Capital Investments

Alkemy Capital Investments Plc develops projects in the energy transition metals sector in the United Kingdom and Australia. It engages in the construction and operation of the lithium hydroxide processing facility and the lithium ore enrichment facility. The company also focuses on designing, developing, constructing, and operating of the plant that produces lithium hydroxide monohydrate. The company was formerly known as Alkemy Capital Plc and changed its name to Alkemy Capital Investments Plc in February 2021.