Power Metal Resources (LON:POW) Reaches New 52-Week Low – Here’s Why

Power Metal Resources plc (LON:POW) hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 11.05 and last traded at GBX 12, with a volume of 169838 shares changing hands. The stock had previously closed at GBX 11.50.

Power Metal Resources Stock Performance

The company has a quick ratio of 2.24, a current ratio of 6.66 and a debt-to-equity ratio of 2.25. The stock has a market cap of £12.59 million, a P/E ratio of 3.66 and a beta of 0.29. The firm’s 50-day moving average is GBX 12.68 and its two-hundred day moving average is GBX 13.80.

Power Metal Resources (LON:POW) last posted its earnings results on Tuesday, June 2nd. The company reported GBX 2.44 EPS for the quarter. Power Metal Resources had a negative net margin of 6,109.68% and a negative return on equity of 14.52%. The company had revenue of GBX 8 million during the quarter.

About Power Metal Resources

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.