Technology Minerals (LON:TM1) Shares Down 7.1% – Should You Sell?

Technology Minerals Plc (LON:TM1)’s stock price was down 7.1% during mid-day trading on Friday . The stock traded as low as GBX 0.05 and last traded at GBX 0.05. 11,827,791 shares were traded during trading, a decline of 42% from the average daily volume of 20,268,322 shares. The stock had previously closed at GBX 0.06.

Technology Minerals Price Performance

The company has a quick ratio of 0.66, a current ratio of 0.06 and a debt-to-equity ratio of 13.13. The stock has a market cap of £6.50 million, a P/E ratio of -0.09 and a beta of 0.60. The firm has a 50 day moving average price of GBX 0.05 and a 200 day moving average price of GBX 0.07.

About Technology Minerals

Technology Minerals is developing the UK’s first listed, sustainable circular economy for battery metals, using cutting-edge technology to recycle, recover, and re-use battery technologies for a renewable energy future. The Company currently holds 48.35% of the issued share capital of Recyclus Group Ltd, the UK’s first industrial-scale recycler of both lithium-ion and lead acid batteries.

Technology Minerals is focused on raw material exploration required for Li-ion batteries, whilst solving the ecological issue of spent Li-ion batteries, by recycling them for re-use by battery manufacturers.