Beowulf Mining (LON:BEM) Trading Up 9.4% – What’s Next?

Beowulf Mining plc (LON:BEM) traded up 9.4% during trading on Thursday . The stock traded as high as GBX 9 and last traded at GBX 8.75. 408,442 shares changed hands during trading, an increase of 406% from the average session volume of 80,792 shares. The stock had previously closed at GBX 8.

Beowulf Mining Trading Up 4.7%

The business has a fifty day moving average of GBX 10.36 and a 200-day moving average of GBX 10.30. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.47 and a current ratio of 3.73. The company has a market capitalization of £5.42 million, a P/E ratio of -2.81 and a beta of 0.63.

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.