Alkemy Capital Investments (LON:ALK) Shares Down 14.3% – Should You Sell?

Alkemy Capital Investments Plc (LON:ALK) shares dropped 14.3% on Thursday . The company traded as low as GBX 262.55 and last traded at GBX 267. Approximately 151,857 shares changed hands during trading, an increase of 152% from the average daily volume of 60,294 shares. The stock had previously closed at GBX 311.50.

Alkemy Capital Investments Stock Performance

The company has a current ratio of 0.29, a quick ratio of 0.02 and a debt-to-equity ratio of -102.45. The stock has a market capitalization of £29.64 million, a price-to-earnings ratio of -13.24 and a beta of 0.63. The firm’s fifty day moving average price is GBX 328.39 and its 200 day moving average price is GBX 337.73.

Alkemy Capital Investments (LON:ALK) last posted its earnings results on Thursday, May 28th. The company reported GBX (25.27) earnings per share 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.