GreenX Metals Limited (LON:GRX – Get Free Report)’s share price shot up 2% during mid-day trading on Wednesday. The company traded as high as GBX 51.50 and last traded at GBX 51.25. Approximately 6,533 shares were traded during mid-day trading, a decline of 90% from the average session volume of 64,552 shares. The stock had previously closed at GBX 50.25.
GreenX Metals Stock Performance
The stock has a market cap of £158.00 million, a price-to-earnings ratio of -11.85 and a beta of 1.00. The company has a quick ratio of 2.70, a current ratio of 0.89 and a debt-to-equity ratio of 10.53. The company has a 50 day simple moving average of GBX 51.67 and a 200 day simple moving average of GBX 49.61.
GreenX Metals Company Profile
The Company’s primary focus is the Tannenberg Copper Project in Germany which is highly prospective for sediment-hosted (Kupferschiefer type) copper deposits. The project is a large-scale, 1,900 km² brownfield licence located in the historic Richelsdorf Mining District, which produced over 416,000 tonnes of copper and 33.7 million ounces of silver before closure in the 1950s.
The Company also holds the Eleonore North Project in Greenland, which comprises two distinct prospect areas.
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