Alkemy Capital Investments (LON:ALK) Trading Down 13% – Here’s Why

Alkemy Capital Investments Plc (LON:ALK) was down 13% during mid-day trading on Wednesday . The company traded as low as GBX 250 ($3.34) and last traded at GBX 267.45 ($3.57). Approximately 153,299 shares traded hands during mid-day trading, an increase of 213% from the average daily volume of 49,016 shares. The stock had previously closed at GBX 307.50 ($4.11).

Alkemy Capital Investments Stock Down 16.1%

The business’s fifty day moving average price is GBX 163.40 and its two-hundred day moving average price is GBX 142.38. The company has a debt-to-equity ratio of -41.61, a current ratio of 0.10 and a quick ratio of 0.02. The stock has a market capitalization of £22.74 million, a PE ratio of -17.68 and a beta of 1.78.

Alkemy Capital Investments (LON:ALK) last released its quarterly earnings data on Wednesday, May 21st. The company reported GBX (16.20) (($0.22)) earnings per share for the quarter.

About Alkemy Capital Investments

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.