Alkemy Capital Investments (LON:ALK) Trading Down 14.4% – Should You Sell?

Shares of Alkemy Capital Investments Plc (LON:ALK) dropped 14.4% during mid-day trading on Thursday . The stock traded as low as GBX 162.50 ($2.22) and last traded at GBX 165.50 ($2.26). Approximately 148,523 shares were traded during trading, an increase of 233% from the average daily volume of 44,643 shares. The stock had previously closed at GBX 193.25 ($2.64).

Alkemy Capital Investments Stock Performance

The company’s 50 day moving average price is GBX 136.40 and its 200-day moving average price is GBX 134.70. The company has a debt-to-equity ratio of -41.61, a quick ratio of 0.02 and a current ratio of 0.10. The company has a market cap of £14.59 million, a PE ratio of -11.34 and a beta of 1.78.

Alkemy Capital Investments (LON:ALK) last issued its quarterly earnings results on Wednesday, May 21st. The company reported GBX (16.20) (($0.22)) earnings per share (EPS) for the quarter.

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.