Beowulf Mining (LON:BEM) Stock Price Down 2.5% – Time to Sell?

Beowulf Mining plc (LON:BEM) shares dropped 2.5% during mid-day trading on Tuesday . The company traded as low as GBX 8.03 and last traded at GBX 10.70. Approximately 6,367 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 77,303 shares. The stock had previously closed at GBX 10.97.

Beowulf Mining Stock Down 14.7%

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.47 and a current ratio of 3.73. The stock’s 50 day simple moving average is GBX 10.49 and its 200 day simple moving average is GBX 10.35. The firm has a market cap of £4.83 million, a P/E ratio of -2.56 and a beta of 0.63.

Beowulf Mining Company Profile

Beowulf Mining plc engages in the acquisition, exploration, and evaluation of natural resource assets in Sweden, Finland, and Kosovo. The company explores for iron ore, base precious metals, lead, zinc, gold, copper, silver, graphite, and other mineral properties. Its projects include the Kallak iron ore located in Norrbotten County, Northern Sweden; Atvidaberg exploration license that comprises 12,533 hectares, which cover an area of 225 square kilometers situated in the Bergslagen area, southern Sweden; and Pitkajarvi and Aitolampi graphite prospects covers an area of 407 hectares, which are located in Eastern Finland.