Beowulf Mining (LON:BEM) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Beowulf Mining plc (LON:BEM) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 10.52 and traded as high as GBX 11.11. Beowulf Mining shares last traded at GBX 10.90, with a volume of 91,639 shares changing hands.

Beowulf Mining Trading Up 10.0%

The firm’s 50 day simple moving average is GBX 10.41 and its two-hundred day simple moving average is GBX 10.52. The stock has a market capitalization of £6.56 million, a P/E ratio of -2.99 and a beta of 0.63. The company has a quick ratio of 1.47, a current ratio of 3.73 and a debt-to-equity ratio of 0.22.

Beowulf Mining (LON:BEM) last released its quarterly earnings data on Friday, August 29th. The company reported GBX (2.42) earnings per share (EPS) for the quarter.

Beowulf Mining Company Profile

Beowulf Mining plc engages in the acquisition, exploration, and evaluation of natural resource assets in Sweden, Finland, and Kosovo. The company explores for iron ore, base precious metals, lead, zinc, gold, copper, silver, graphite, and other mineral properties. Its projects include the Kallak iron ore located in Norrbotten County, Northern Sweden; Atvidaberg exploration license that comprises 12,533 hectares, which cover an area of 225 square kilometers situated in the Bergslagen area, southern Sweden; and Pitkajarvi and Aitolampi graphite prospects covers an area of 407 hectares, which are located in Eastern Finland.