Shares of Power Metal Resources plc (LON:POW – Get Free Report) were down 1.6% during mid-day trading on Thursday . The company traded as low as GBX 14.75 and last traded at GBX 14.88. Approximately 97,089 shares traded hands during trading, a decline of 87% from the average daily volume of 769,118 shares. The stock had previously closed at GBX 15.13.
Power Metal Resources Stock Performance
The firm’s 50 day simple moving average is GBX 15.17 and its 200-day simple moving average is GBX 14.47. The company has a debt-to-equity ratio of 8.16, a quick ratio of 2.24 and a current ratio of 9.36. The company has a market capitalization of £16.91 million, a price-to-earnings ratio of 11.36 and a beta of 0.86.
About Power Metal Resources
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.
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