Beowulf Mining (LON:BEM) Shares Up 37.1% – Should You Buy?

Shares of Beowulf Mining plc (LON:BEM) were up 37.1% on Friday . The company traded as high as GBX 24 ($0.30) and last traded at GBX 24 ($0.30). Approximately 107,354 shares were traded during mid-day trading, an increase of 884% from the average daily volume of 10,912 shares. The stock had previously closed at GBX 17.50 ($0.22).

Beowulf Mining Price Performance

The company has a market cap of £9.32 million, a P/E ratio of -4.92 and a beta of 0.63. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.73 and a quick ratio of 1.47. The firm’s 50-day moving average is GBX 15.59 and its two-hundred day moving average is GBX 19.14.

Beowulf Mining (LON:BEM) last announced its earnings results on Friday, November 29th. The company reported GBX (1.05) (($0.01)) earnings per share for the quarter.

About Beowulf Mining

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.