Alkemy Capital Investments (LON:ALK) Shares Up 28.3% – Still a Buy?

Alkemy Capital Investments Plc (LON:ALK)’s stock price shot up 28.3% during mid-day trading on Friday . The company traded as high as GBX 330 and last traded at GBX 290. 217,092 shares traded hands during trading, an increase of 256% from the average session volume of 60,969 shares. The stock had previously closed at GBX 226.

Alkemy Capital Investments Trading Up 29.3%

The stock has a 50 day moving average of GBX 304.92 and a 200-day moving average of GBX 334.32. The company has a market capitalization of £32.09 million, a P/E ratio of -11.57 and a beta of 0.63. The company has a current ratio of 0.08, a quick ratio of 0.02 and a debt-to-equity ratio of -289.88.

Alkemy Capital Investments (LON:ALK) last announced its quarterly earnings data on Thursday, May 28th. The company reported GBX (25.27) 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. The company was formerly known as Alkemy Capital Plc and changed its name to Alkemy Capital Investments Plc in February 2021.