Technology Minerals (LON:TM1) Announces Earnings Results

Technology Minerals (LON:TM1) issued its earnings results on Wednesday. The company reported GBX (0.05) earnings per share for the quarter, reports. The firm had revenue of GBX 150 million during the quarter.

Technology Minerals Stock Performance

Shares of LON:TM1 remained flat at GBX 0.09 during midday trading on Thursday. Technology Minerals has a 52 week low of GBX 0.04 and a 52 week high of GBX 0.50. The company has a debt-to-equity ratio of 13.13, a current ratio of 0.06 and a quick ratio of 0.66. The stock has a market cap of £2.51 million, a P/E ratio of -0.33 and a beta of 0.60. The business has a 50 day simple moving average of GBX 0.09 and a 200 day simple moving average of GBX 0.09.

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.