Power Metal Resources (LON:POW) Shares Down 1.6% – What’s Next?

Power Metal Resources plc (LON:POW)’s share price fell 1.6% during mid-day trading on Wednesday . The company traded as low as GBX 13.50 and last traded at GBX 13.78. 307,020 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 513,780 shares. The stock had previously closed at GBX 14.

Power Metal Resources Stock Performance

The company has a debt-to-equity ratio of 8.16, a current ratio of 9.36 and a quick ratio of 2.24. The stock has a 50-day simple moving average of GBX 12.89 and a 200-day simple moving average of GBX 13.98. The stock has a market cap of £15.93 million, a P/E ratio of 10.52 and a beta of 0.86.

Power Metal Resources (LON:POW) last posted its quarterly earnings data on Monday, September 29th. The company reported GBX 4.71 EPS for the quarter.

Power Metal Resources Company Profile

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.