Power Metal Resources (LON:POW) Hits New 1-Year Low – Here’s Why

Power Metal Resources plc (LON:POW)’s share price hit a new 52-week low during mid-day trading on Monday. The company traded as low as GBX 9 and last traded at GBX 9.50, with a volume of 399,644 shares traded. The stock had previously closed at GBX 9.54.

Power Metal Resources Trading Down 3.3%

The company’s fifty day moving average price is GBX 11.19 and its two-hundred day moving average price is GBX 12.91. 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 company has a market cap of £11.78 million, a price-to-earnings ratio of -4.83 and a beta of 0.32.

Power Metal Resources (LON:POW) last released its quarterly earnings results on Wednesday, September 30th. The company reported GBX (0.27) EPS for the quarter. Power Metal Resources had a negative return on equity of 14.52% and a negative net margin of 6,109.68%.

Power Metal Resources Company Profile

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.