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

Beowulf Mining plc (LON:BEM)’s stock price was down 2.5% on Thursday . The company traded as low as GBX 18.03 ($0.23) and last traded at GBX 19.50 ($0.25). Approximately 6,063 shares changed hands during trading, a decline of 65% from the average daily volume of 17,304 shares. The stock had previously closed at GBX 20 ($0.26).

Beowulf Mining Stock Down 2.5 %

The company has a current ratio of 5.66, a quick ratio of 1.47 and a debt-to-equity ratio of 0.26. The company has a market capitalization of £7.57 million, a price-to-earnings ratio of -278.57 and a beta of 0.63. The firm’s 50-day moving average price is GBX 22.32 and its 200 day moving average price is GBX 19.74.

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.