Alkemy Capital Investments (LON:ALK) Shares Down 17% – Here’s Why

Shares of Alkemy Capital Investments Plc (LON:ALK) dropped 17% during trading on Monday. The stock traded as low as GBX 190 and last traded at GBX 205. Approximately 154,371 shares traded hands during mid-day trading, an increase of 158% from the average daily volume of 59,892 shares. The stock had previously closed at GBX 247.

Alkemy Capital Investments Trading Up 16.7%

The company has a market cap of £28.67 million, a PE ratio of -10.09 and a beta of 0.60. The company has a current ratio of 0.07, a quick ratio of 0.02 and a debt-to-equity ratio of -542.67. The business has a 50 day simple moving average of GBX 284.92 and a two-hundred day simple moving average of GBX 312.18.

Alkemy Capital Investments (LON:ALK) last released its quarterly earnings data on Wednesday, October 14th. The company reported GBX (12.10) EPS for the quarter. Alkemy Capital Investments had a negative net margin of 2,859,825.00% and a positive return on equity of 696.85%.

Alkemy Capital Investments Company Profile

Alkemy Capital Investments Plc develops projects in the energy transition metals sector in the United Kingdom and Australia. It engages in the construction and operation of the lithium hydroxide processing facility and the lithium ore enrichment facility. The company also focuses on designing, developing, constructing, and operating of the plant that produces lithium hydroxide monohydrate. The company was formerly known as Alkemy Capital Plc and changed its name to Alkemy Capital Investments Plc in February 2021.