Alkemy Capital Investments (LON:ALK) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of Alkemy Capital Investments Plc (LON:ALK) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 310.87 and traded as low as GBX 300.70. Alkemy Capital Investments shares last traded at GBX 333, with a volume of 46,466 shares trading hands.

Alkemy Capital Investments Price Performance

The company has a debt-to-equity ratio of -102.45, a current ratio of 0.29 and a quick ratio of 0.02. The company has a fifty day moving average price of GBX 385.07 and a 200 day moving average price of GBX 310.87. The company has a market capitalization of £35.74 million, a P/E ratio of -16.32 and a beta of 0.50.

About Alkemy Capital Investments

Alkemy Capital Investments Plc develops projects in the energy transition metals sector in the United Kingdom and Australia. It engages in the construction and operation of the lithium hydroxide processing facility and the lithium ore enrichment facility. The company also focuses on designing, developing, constructing, and operating of the plant that produces lithium hydroxide monohydrate. The company was formerly known as Alkemy Capital Plc and changed its name to Alkemy Capital Investments Plc in February 2021.