Power Metal Resources (LON:POW) Stock Price Down 3.5% – Here’s Why

Power Metal Resources plc (LON:POW)’s share price fell 3.5% during mid-day trading on Monday . The company traded as low as GBX 12 and last traded at GBX 12.07. 62,395 shares traded hands during trading, a decline of 88% from the average session volume of 522,390 shares. The stock had previously closed at GBX 12.50.

Power Metal Resources Stock Down 3.5%

The company’s fifty day simple moving average is GBX 13.11 and its 200 day simple moving average is GBX 13.93. The company has a current ratio of 9.36, a quick ratio of 2.24 and a debt-to-equity ratio of 8.16. The firm has a market capitalization of £13.95 million, a P/E ratio of 9.21 and a beta of 0.86.

Power Metal Resources (LON:POW) last announced its quarterly earnings results on Monday, September 29th. The company reported GBX 4.71 earnings per share (EPS) for the quarter.

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.