Technology Minerals (LON:TM1) Stock Price Up 9.4% – Still a Buy?

Technology Minerals Plc (LON:TM1)’s stock price rose 9.4% on Friday . The company traded as high as GBX 0.06 and last traded at GBX 0.06. Approximately 20,277,061 shares changed hands during mid-day trading, an increase of 11% from the average session volume of 18,342,430 shares. The stock had previously closed at GBX 0.05.

Technology Minerals Stock Up 9.4%

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 firm has a market cap of £7.25 million, a PE ratio of -0.10 and a beta of 0.60. The business’s 50-day simple moving average is GBX 0.05 and its 200 day simple moving average is GBX 0.07.

Technology Minerals Company Profile

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.