Technology Minerals (LON:TM1) Shares Up 13.6% – Should You Buy?

Technology Minerals Plc (LON:TM1) shot up 13.6% during trading on Thursday . The company traded as high as GBX 0.05 and last traded at GBX 0.05. Approximately 862,491 shares changed hands during trading, a decline of 96% from the average daily volume of 19,759,512 shares. The stock had previously closed at GBX 0.04.

Technology Minerals Price Performance

The stock has a 50 day moving average of GBX 0.06 and a two-hundred day moving average of GBX 0.08. The company has a debt-to-equity ratio of 13.13, a quick ratio of 0.66 and a current ratio of 0.06. The firm has a market capitalization of £1.45 million, a P/E ratio of -0.08 and a beta of 0.60.

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.