Alkemy Capital Investments (LON:ALK) Stock Price Down 17% – Here’s Why

Alkemy Capital Investments Plc (LON:ALK)’s stock price fell 17% on Monday. The stock traded as low as GBX 190 and last traded at GBX 205. 154,371 shares were traded during trading, an increase of 158% from the average session volume of 59,892 shares. The stock had previously closed at GBX 247.

Alkemy Capital Investments Price Performance

The company has a debt-to-equity ratio of -542.67, a quick ratio of 0.02 and a current ratio of 0.07. The firm has a market capitalization of £23.05 million, a P/E ratio of -8.11 and a beta of 0.60. The stock has a 50 day moving average of GBX 288.28 and a two-hundred day moving average of GBX 288.34.

Alkemy Capital Investments (LON:ALK) last announced its quarterly earnings results on Wednesday, October 14th. The company reported GBX (12.10) earnings per share (EPS) for the quarter. Alkemy Capital Investments had a negative net margin of 3,795,887.29% and a positive return on equity of 590.57%.

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.