Power Metal Resources (LON:POW) Shares Down 5.4% – Here’s What Happened

Shares of Power Metal Resources plc (LON:POW) traded down 5.4% during mid-day trading on Friday. The stock traded as low as GBX 11 and last traded at GBX 11.40. Approximately 535,615 shares changed hands during mid-day trading, an increase of 12% from the average session volume of 476,758 shares. The stock had previously closed at GBX 12.05.

Power Metal Resources Stock Down 5.4%

The stock has a 50-day moving average of GBX 12.45 and a 200-day moving average of GBX 12.83. The company has a debt-to-equity ratio of 2.25, a current ratio of 6.66 and a quick ratio of 2.24. The firm has a market cap of £12.87 million, a price-to-earnings ratio of 3.74 and a beta of 0.29.

Power Metal Resources (LON:POW) last announced its quarterly earnings data on Wednesday, September 30th. The company reported GBX (0.27) earnings per share for the quarter. Power Metal Resources had a negative net margin of 6,109.68% and a negative return on equity of 14.52%.

Power Metal Resources Company Profile

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.