Beowulf Mining (LON:BEM) Shares Down 2.5% – What’s Next?

Shares of Beowulf Mining plc (LON:BEM) traded down 2.5% on Thursday . The stock traded as low as GBX 18.03 ($0.23) and last traded at GBX 19.50 ($0.25). 6,063 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 17,304 shares. The stock had previously closed at GBX 20 ($0.26).

Beowulf Mining Trading Down 2.5 %

The firm has a 50 day moving average price of GBX 22.32 and a two-hundred day moving average price of GBX 19.74. The company has a quick ratio of 1.47, a current ratio of 5.66 and a debt-to-equity ratio of 0.26. The company has a market cap of £7.57 million, a price-to-earnings ratio of -278.57 and a beta of 0.63.

Beowulf Mining Company Profile

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.