Alien Metals (LON:UFO) Trading Down 17.6% – Here’s What Happened

Alien Metals Limited (LON:UFO) shares were down 17.6% during trading on Wednesday . The stock traded as low as GBX 0.13 and last traded at GBX 0.14. Approximately 140,067,609 shares traded hands during mid-day trading, an increase of 14% from the average daily volume of 122,817,867 shares. The stock had previously closed at GBX 0.17.

Alien Metals Stock Down 12.1%

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 company’s fifty day simple moving average is GBX 0.14 and its 200 day simple moving average is GBX 0.14. The firm has a market capitalization of £16.83 million, a PE ratio of -6.17 and a beta of 1.01.

About Alien Metals

Alien Metals Ltd is a mining exploration and development company listed on the AIM market of the London Stock Exchange (AIM: UFO). The Company follows a balanced strategy of advancing and strengthening its asset portfolio through targeted technical work and project development, while evaluating partnerships, joint ventures, and selective monetisation opportunities that are value-enhancing for shareholders. At the same time, Alien will continue to consider opportunities to expand our asset base through carefully selected acquisition opportunities which meet the Board’s prudent criteria.
Alien’s principal focus is the advancement and development of its 90%-owned Hancock Iron Ore Project in the central Pilbara region of Western Australia.