GreenX Metals Limited (LON:GRX – Get Free Report) crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of GBX 49.99 and traded as low as GBX 48.40. GreenX Metals shares last traded at GBX 49.30, with a volume of 81,580 shares changing hands.
GreenX Metals Stock Up 2.7%
The company’s fifty day moving average price is GBX 53.07 and its 200-day moving average price is GBX 49.99. The stock has a market capitalization of £153.96 million, a PE ratio of -12.03 and a beta of 0.99. The company has a quick ratio of 2.70, a current ratio of 4.46 and a debt-to-equity ratio of 3.48.
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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