Power Metal Resources (LON:POW) Trading Down 2.9% – What’s Next?

Power Metal Resources plc (LON:POW)’s stock price was down 2.9% during mid-day trading on Wednesday . The stock traded as low as GBX 16.30 and last traded at GBX 16.50. Approximately 1,058,155 shares traded hands during trading, an increase of 12% from the average daily volume of 948,391 shares. The stock had previously closed at GBX 17.

Power Metal Resources Price Performance

The company has a quick ratio of 2.24, a current ratio of 9.36 and a debt-to-equity ratio of 8.16. The firm has a market cap of £18.98 million, a PE ratio of 12.75 and a beta of 0.86. The stock has a 50 day moving average price of GBX 14.35 and a two-hundred day moving average price of GBX 14.34.

Power Metal Resources Company Profile

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. The company was formerly known as African Battery Metals Plc and changed its name to Power Metal Resources plc in June 2019. Power Metal Resources plc was incorporated in 2011 and is based in London, the United Kingdom.