Beowulf Mining (LON:BEM) Shares Pass Below 200-Day Moving Average – What’s Next?

Shares of Beowulf Mining plc (LON:BEM) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 9.06 and traded as low as GBX 3. Beowulf Mining shares last traded at GBX 4, with a volume of 455,547 shares changing hands.

Beowulf Mining Trading Down 37.5%

The stock has a market cap of £2.55 million, a P/E ratio of -1.20 and a beta of 0.63. The company has a current ratio of 4.50, a quick ratio of 1.47 and a debt-to-equity ratio of 1.39. The stock’s fifty day moving average price is GBX 6.65 and its 200 day moving average price is GBX 9.06.

Beowulf Mining (LON:BEM) last announced its earnings results on Friday, February 27th. The company reported GBX (3.16) EPS for the quarter.

About Beowulf Mining

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.