Beowulf Mining (LON:BEM) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Shares of Beowulf Mining plc (LON:BEMGet Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 10.35 and traded as low as GBX 10. Beowulf Mining shares last traded at GBX 12, with a volume of 203,158 shares trading hands.

Beowulf Mining Trading Up 9.1%

The company has a debt-to-equity ratio of 0.22, a current ratio of 3.73 and a quick ratio of 1.47. The firm has a market capitalization of £7.16 million, a price-to-earnings ratio of -3.79 and a beta of 0.63. The business has a 50 day moving average of GBX 10.42 and a 200 day moving average of GBX 10.35.

Beowulf Mining Company Profile

(Get Free Report)

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.

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