Beowulf Mining (LON:BEM) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

Beowulf Mining plc (LON:BEM)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 11.47 ($0.15) and traded as low as GBX 10.01 ($0.13). Beowulf Mining shares last traded at GBX 10.05 ($0.14), with a volume of 32,581 shares traded.

Beowulf Mining Stock Performance

The company has a current ratio of 3.73, a quick ratio of 1.47 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of £6.00 million, a price-to-earnings ratio of -273.30 and a beta of 0.63. The stock’s 50 day moving average price is GBX 10.10 and its two-hundred day moving average price is GBX 11.47.

Beowulf Mining (LON:BEM) last posted its quarterly earnings results on Friday, August 29th. The company reported GBX (2.42) earnings per share for the quarter.

Beowulf Mining Company Profile

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.