Beowulf Mining (LON:BEM) Trading Down 9.5% – Here’s What Happened

Shares of Beowulf Mining plc (LON:BEM) traded down 9.5% during trading on Thursday . The stock traded as low as GBX 5.50 and last traded at GBX 5.88. 296,824 shares changed hands during mid-day trading, an increase of 169% from the average daily volume of 110,338 shares. The stock had previously closed at GBX 6.50.

Beowulf Mining Trading Down 9.5%

The stock has a market cap of £3.80 million, a P/E ratio of -2.46 and a beta of 1.00. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.47 and a current ratio of 2.88. The firm’s fifty day simple moving average is GBX 8.90 and its 200-day simple moving average is GBX 7.09.

Beowulf Mining (LON:BEM) last posted its quarterly earnings data on Friday, August 28th. The company reported GBX (0.49) earnings per share for the quarter.

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.