Beowulf Mining (LON:BEM) Shares Up 12.6% – Still a Buy?

Beowulf Mining plc (LON:BEMGet Free Report) shares rose 12.6% during mid-day trading on Wednesday . The stock traded as high as GBX 9 and last traded at GBX 8.16. Approximately 171,701 shares traded hands during trading, an increase of 53% from the average session volume of 112,186 shares. The stock had previously closed at GBX 7.25.

Beowulf Mining Price Performance

The stock’s fifty day moving average price is GBX 6.77 and its 200-day moving average price is GBX 7.03. The firm has a market cap of £5.28 million, a PE ratio of -2.44 and a beta of 0.96. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.07 and a quick ratio of 1.47.

Beowulf Mining Company Profile

(Get Free Report)

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.

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