Power Metal Resources (LON:POW) Reaches New 12-Month Low – Here’s What Happened

Power Metal Resources plc (LON:POW) shares hit a new 52-week low on Monday . The company traded as low as GBX 11.50 and last traded at GBX 12.34, with a volume of 724723 shares. The stock had previously closed at GBX 11.79.

Power Metal Resources Trading Up 4.6%

The company has a current ratio of 6.66, a quick ratio of 2.24 and a debt-to-equity ratio of 2.25. The stock has a market cap of £13.93 million, a price-to-earnings ratio of 4.05 and a beta of 0.29. The company has a fifty day simple moving average of GBX 13.01 and a 200-day simple moving average of GBX 13.96.

Power Metal Resources (LON:POW) last announced its earnings results on Tuesday, June 2nd. The company reported GBX 2.44 EPS for the quarter. Power Metal Resources had a negative net margin of 6,109.68% and a negative return on equity of 14.52%. The company had revenue of GBX 8 million during the quarter.

About Power Metal Resources

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.