Bisichi (LON:BISI) Shares Down 23.3% – Here’s What Happened

Bisichi PLC (LON:BISI)’s share price dropped 23.3% on Wednesday . The company traded as low as GBX 53.66 and last traded at GBX 53.66. Approximately 53,859 shares changed hands during trading, an increase of 303% from the average daily volume of 13,348 shares. The stock had previously closed at GBX 70.

Bisichi Stock Performance

The company’s fifty day simple moving average is GBX 77.61 and its 200 day simple moving average is GBX 95.09. The company has a current ratio of 0.59, a quick ratio of 1.03 and a debt-to-equity ratio of 19.85. The stock has a market capitalization of £7.35 million, a P/E ratio of -3.99 and a beta of -0.10.

Bisichi (LON:BISI) last issued its quarterly earnings data on Tuesday, September 30th. The company reported GBX (9.38) earnings per share (EPS) for the quarter. Bisichi had a return on equity of 7.79% and a net margin of 5.45%.

Bisichi Company Profile

Bisichi PLC engages in the coal mining and processing activities in South Africa. The company owns an interest in the Black Wattle Colliery, a coal mining and washing operation located in Mpumulanga, South Africa. It is also involved in the retail property investment and residential property development activities in the United Kingdom, as well as share dealing business. The company was formerly known as Bisichi Mining Plc and changed its name to Bisichi PLC in March 2020. Bisichi PLC was incorporated in 1910 and is based in London, the United Kingdom.