Beowulf Mining (LON:BEM) Trading Down 20% – Time to Sell?

Shares of Beowulf Mining plc (LON:BEMGet Free Report) dropped 20% during mid-day trading on Monday . The company traded as low as GBX 7 and last traded at GBX 8. Approximately 1,072,094 shares were traded during mid-day trading, an increase of 813% from the average daily volume of 117,367 shares. The stock had previously closed at GBX 10.

Beowulf Mining Price Performance

The stock has a market capitalization of £5.18 million, a price-to-earnings ratio of -2.40 and a beta of 0.95. The company has a quick ratio of 1.47, a current ratio of 4.50 and a debt-to-equity ratio of 1.39. The business has a 50-day simple moving average of GBX 5.43 and a two-hundred day simple moving average of GBX 8.10.

Beowulf Mining Company Profile

(Get Free Report)

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.

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