Beowulf Mining (LON:BEM) Stock Price Down 2.5% – Here’s What Happened

Beowulf Mining plc (LON:BEM) dropped 2.5% during trading on Thursday . The stock traded as low as GBX 18.03 ($0.23) and last traded at GBX 19.50 ($0.25). Approximately 6,063 shares were traded during trading, a decline of 65% from the average daily volume of 17,304 shares. The stock had previously closed at GBX 20 ($0.25).

Beowulf Mining Stock Performance

The company has a market cap of £7.57 million, a P/E ratio of -278.57 and a beta of 0.63. The company has a quick ratio of 1.47, a current ratio of 5.66 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average price is GBX 22 and its 200-day moving average price is GBX 19.85.

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.