Power Metal Resources (LON:POW) Trading Up 12.1% – Here’s What Happened

Shares of Power Metal Resources plc (LON:POW) rose 12.1% on Monday . The company traded as high as GBX 12.80 and last traded at GBX 12.50. 1,695,444 shares traded hands during mid-day trading, an increase of 214% from the average daily volume of 539,146 shares. The stock had previously closed at GBX 11.15.

Power Metal Resources Trading Up 12.1%

The stock has a 50 day simple moving average of GBX 12.68 and a 200-day simple moving average of GBX 13.79. The firm has a market capitalization of £14.11 million, a P/E ratio of 4.10 and a beta of 0.29. 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 Tuesday, June 2nd. The company reported GBX 2.44 EPS for the quarter. Power Metal Resources had a negative net margin of 6,109.68% and a negative return on equity of 14.52%. The firm had revenue of GBX 8 million during the quarter.

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.