Technology Minerals (LON:TM1) Shares Down 11.8% – Time to Sell?

Technology Minerals Plc (LON:TM1)’s stock price traded down 11.8% during trading on Wednesday . The stock traded as low as GBX 0.07 and last traded at GBX 0.08. 100,799,875 shares were traded during mid-day trading, a decline of 43% from the average session volume of 175,815,266 shares. The stock had previously closed at GBX 0.09.

Technology Minerals Stock Performance

The stock has a market capitalization of £2.36 million, a price-to-earnings ratio of -0.12 and a beta of 0.60. The company has a quick ratio of 0.66, a current ratio of 0.06 and a debt-to-equity ratio of 13.13. The company’s fifty day simple moving average is GBX 0.09 and its 200 day simple moving average is GBX 0.09.

Technology Minerals (LON:TM1) last announced its earnings results on Wednesday, April 1st. The company reported GBX (0.05) earnings per share for the quarter. The firm had revenue of GBX 150 million during the quarter. On average, equities research analysts expect that Technology Minerals Plc will post 0.0442708 earnings per share for the current year.

About Technology Minerals

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.