URU Metals (LON:URU) Shares Down 8.3% – Here’s Why

URU Metals Limited (LON:URUGet Free Report)’s stock price dropped 8.3% during mid-day trading on Wednesday . The stock traded as low as GBX 7.33 and last traded at GBX 8.25. Approximately 8,223,019 shares traded hands during mid-day trading, an increase of 793% from the average daily volume of 920,441 shares. The stock had previously closed at GBX 9.

URU Metals Price Performance

The stock has a market cap of £6.08 million, a P/E ratio of -0.66 and a beta of 0.12. The firm has a 50-day moving average price of GBX 5.57 and a 200-day moving average price of GBX 4.84. The company has a debt-to-equity ratio of 62.33, a quick ratio of 0.76 and a current ratio of 0.08.

About URU Metals

(Get Free Report)

URU Metals Limited is involved in the exploration and development of mineral projects primarily in South Africa. The company explores for uranium, nickel, copper, and platinum group metals. Its flagship property is the Zebedelia Nickel Project located in the Limpopo Province of South Africa. The company was formerly known as Niger Uranium Limited and changed its name to URU Metals Limited.

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