Power Metal Resources (LON:POW) Hits New 52-Week Low – What’s Next?

Power Metal Resources plc (LON:POW) shares hit a new 52-week low during trading on Monday. The stock traded as low as GBX 9.70 and last traded at GBX 9.70, with a volume of 113,092 shares traded. The stock had previously closed at GBX 10.

Power Metal Resources Stock Down 3.0%

The firm has a market capitalization of £10.95 million, a price-to-earnings ratio of -5.03 and a beta of 0.32. The firm has a fifty day moving average price of GBX 11.90 and a 200 day moving average price of GBX 12.49. The company has a current ratio of 6.66, a quick ratio of 2.24 and a debt-to-equity ratio of 2.25.

Power Metal Resources (LON:POW) last released its quarterly earnings results on Wednesday, September 30th. The company reported GBX (0.27) earnings per share for the quarter. Power Metal Resources had a negative net margin of 6,109.68% and a negative return on equity of 14.52%.

About Power Metal Resources

Power Metal Resources plc, together with its subsidiaries, engages in the exploration and exploitation of mineral resources in Africa, Australia, Canada, and the United States. The company primarily explores for nickel, lithium, tungsten, rare earths, platinum group elements, copper, graphite, uranium, gold, and silver. The company was formerly known as African Battery Metals Plc and changed its name to Power Metal Resources plc in June 2019. Power Metal Resources plc was incorporated in 2011 and is based in London, the United Kingdom.