Shares of GreenX Metals Limited (LON:GRX – Get Free Report) shot up 3.1% during mid-day trading on Thursday. The company traded as high as GBX 52.70 and last traded at GBX 51.55. 11,916 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 60,439 shares. The stock had previously closed at GBX 50.
GreenX Metals Trading Up 1.3%
The company has a debt-to-equity ratio of 3.48, a current ratio of 4.46 and a quick ratio of 2.70. The stock’s 50 day moving average is GBX 52.78 and its 200-day moving average is GBX 50.08. The company has a market capitalization of £164.56 million, a P/E ratio of -12.85 and a beta of 0.99.
About GreenX Metals
GreenX Metals aims to create long-term shareholder value by focusing on the exploration and development of sustainable critical mineral resources and is aligned with both the EU Critical Raw Materials Act and Germany’s Raw Materials Strategy.
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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