Beowulf Mining (LON:BEM) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Beowulf Mining plc (LON:BEM) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 10.37 and traded as low as GBX 10.11. Beowulf Mining shares last traded at GBX 10.95, with a volume of 38,089 shares traded.

Beowulf Mining Stock Performance

The firm’s 50 day moving average is GBX 10.59 and its 200-day moving average is GBX 10.37. The stock has a market capitalization of £6.53 million, a price-to-earnings ratio of -3.46 and a beta of 0.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.47 and a current ratio of 3.73.

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.