Technology Minerals (LON:TM1) Trading 7.1% Higher – Here’s What Happened

Technology Minerals Plc (LON:TM1) shares traded up 7.1% during trading on Monday . The company traded as high as GBX 0.06 and last traded at GBX 0.06. 15,658,491 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 29,908,939 shares. The stock had previously closed at GBX 0.06.

Technology Minerals Trading Up 7.1%

The firm has a market cap of £1.89 million, a PE ratio of -0.10 and a beta of 0.60. The company has a current ratio of 0.06, a quick ratio of 0.66 and a debt-to-equity ratio of 13.13. The business has a fifty day moving average price of GBX 0.08 and a 200 day moving average price of GBX 0.09.

Technology Minerals (LON:TM1) last released its quarterly earnings data on Wednesday, April 1st. The company reported GBX (0.05) EPS for the quarter. The firm had revenue of GBX 150 million during the quarter. Analysts forecast that Technology Minerals Plc will post 0.0442708 EPS for the current year.

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.