Power Metal Resources (LON:POW) Sets New 1-Year Low – Here’s Why

Power Metal Resources plc (LON:POW)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 11.50 and last traded at GBX 11.94, with a volume of 256787 shares changing hands. The stock had previously closed at GBX 12.12.

Power Metal Resources Stock Performance

The company has a market cap of £14.11 million, a P/E ratio of 4.10 and a beta of 0.29. The company has a quick ratio of 2.24, a current ratio of 6.66 and a debt-to-equity ratio of 2.25. The business has a fifty day simple moving average of GBX 12.82 and a two-hundred day simple moving average of GBX 13.89.

Power Metal Resources (LON:POW) last released its quarterly earnings results on Tuesday, June 2nd. The company reported GBX 2.44 earnings per share (EPS) for the quarter. Power Metal Resources had a negative return on equity of 14.52% and a negative net margin of 6,109.68%.The business had revenue of GBX 8 million during the quarter.

About Power Metal Resources

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.