Beowulf Mining (LON:BEM) Stock Price Down 9.1%

Beowulf Mining plc (LON:BEM) dropped 9.1% during mid-day trading on Wednesday . The company traded as low as GBX 24 ($0.32) and last traded at GBX 25 ($0.33). Approximately 72,988 shares changed hands during trading, an increase of 330% from the average daily volume of 16,975 shares. The stock had previously closed at GBX 27.50 ($0.36).

Beowulf Mining Price Performance

The stock has a market capitalization of £9.71 million, a price-to-earnings ratio of -378.57 and a beta of 0.63. The business’s fifty day moving average price is GBX 25.82 and its 200-day moving average price is GBX 13.92. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.66 and a quick ratio of 1.47.

Insider Activity

In other news, insider Ed Bowie purchased 18,831 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The shares were acquired at an average cost of GBX 26 ($0.34) per share, for a total transaction of £4,896.06 ($6,467.71). Corporate insiders own 2.07% of the company’s stock.

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.