Technology Minerals (LON:TM1) Stock Price Up 24.5% – Time to Buy?

Technology Minerals Plc (LON:TM1) shares were up 24.5% on Monday . The company traded as high as GBX 0.14 ($0.00) and last traded at GBX 0.14 ($0.00). Approximately 12,163,591 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 48,791,531 shares. The stock had previously closed at GBX 0.11 ($0.00).

Technology Minerals Price Performance

The business has a 50 day simple moving average of GBX 0.14 and a 200-day simple moving average of GBX 0.17. The company has a debt-to-equity ratio of 13.13, a quick ratio of 0.66 and a current ratio of 0.06.

Technology Minerals (LON:TM1) last announced its earnings results on Tuesday, December 10th. The company reported GBX (0.30) ($0.00) earnings per share for the quarter. Equities research analysts forecast that Technology Minerals Plc will post 0.0442708 earnings per share 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.