Alien Metals (LON:UFO) Shares Down 8.9% – What’s Next?

Alien Metals Limited (LON:UFO) was down 8.9% during mid-day trading on Wednesday . The company traded as low as GBX 0.08 ($0.00) and last traded at GBX 0.08 ($0.00). Approximately 2,783,683 shares changed hands during trading, a decline of 92% from the average daily volume of 35,396,418 shares. The stock had previously closed at GBX 0.09 ($0.00).

Alien Metals Trading Up 11.1 %

The stock has a market capitalization of £7.51 million, a P/E ratio of -4.85 and a beta of 1.01. The company has a quick ratio of 4.22, a current ratio of 0.63 and a debt-to-equity ratio of 3.77. The stock’s 50 day moving average price is GBX 0.08 and its 200-day moving average price is GBX 0.09.

Alien Metals Company Profile

Alien Metals Ltd is a minerals exploration and development company in Western Australia. The company is currently developing its flagship Hancock Iron Ore Project, with the aim to produce DSO iron ore (direct shipping ore). By acquiring the Hancock Iron Ore Project, the Brockman Iron Ore Project and the Vivash Gorge Iron Ore Project, Alien Metals has turned all three projects into the Western Hancock Tenement and seeks to develop it with its 100% owned subsidiary the Iron Ore Company of Australia (IOCA).

Whilst also developing iron ore opportunities in Western Australia, the Company is also pursuing precious metals and platinum group metals opportunities by developing the Elizabeth Hill Silver Project and the Munni Munni PGM Project.