Power Metal Resources (LON:POW) Stock Price Up 12.1% – Here’s What Happened

Power Metal Resources plc (LON:POW)’s share price traded up 12.1% during trading on Monday . The stock traded as high as GBX 12.80 and last traded at GBX 12.50. Approximately 1,695,444 shares traded hands during trading, an increase of 214% from the average session volume of 539,146 shares. The stock had previously closed at GBX 11.15.

Power Metal Resources Price Performance

The firm has a fifty day moving average of GBX 12.68 and a 200 day moving average of GBX 13.79. The company has a current ratio of 6.66, a quick ratio of 2.24 and a debt-to-equity ratio of 2.25. The company has a market capitalization of £14.11 million, a P/E ratio of 4.10 and a beta of 0.29.

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

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.