Alien Metals (LON:UFO) Stock Price Down 17.6% – Should You Sell?

Alien Metals Limited (LON:UFO) fell 17.6% during mid-day trading on Friday . The stock traded as low as GBX 0.07 ($0.00) and last traded at GBX 0.07 ($0.00). 44,281,609 shares traded hands during trading, an increase of 21% from the average session volume of 36,575,988 shares. The stock had previously closed at GBX 0.09 ($0.00).

Alien Metals Stock Down 17.6 %

The stock has a market capitalization of £5.26 million, a P/E ratio of -4.85 and a beta of 1.01. The stock has a 50 day moving average price of GBX 0.07 and a 200-day moving average price of GBX 0.09. The company has a debt-to-equity ratio of 3.77, a current ratio of 0.63 and a quick ratio of 4.22.

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.