Power Metal Resources (LON:POW) Shares Down 1.5% – Here’s What Happened

Power Metal Resources plc (LON:POW)’s stock price fell 1.5% during mid-day trading on Monday . The stock traded as low as GBX 12.50 and last traded at GBX 12.80. 159,257 shares traded hands during trading, a decline of 71% from the average session volume of 558,580 shares. The stock had previously closed at GBX 13.

Power Metal Resources Price Performance

The company has a current ratio of 9.36, a quick ratio of 2.24 and a debt-to-equity ratio of 8.16. The business has a 50-day moving average of GBX 13.28 and a 200 day moving average of GBX 13.88. The firm has a market capitalization of £15.24 million, a PE ratio of 10.31 and a beta of 0.33.

Power Metal Resources (LON:POW) last announced its earnings results on Tuesday, June 2nd. The company reported GBX 2.44 earnings per share for the quarter. The firm had revenue of GBX 8 million for the quarter. Power Metal Resources had a return on equity of 18.19% and a net margin of 576.43%.

Power Metal Resources Company Profile

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.