Technology Minerals (LON:TM1) Trading Up 24.5% – Time to Buy?

Technology Minerals Plc (LON:TM1) was up 24.5% during mid-day trading on Monday . The stock traded as high as GBX 0.14 ($0.00) and last traded at GBX 0.14 ($0.00). Approximately 12,163,591 shares traded hands during trading, a decline of 75% from the average daily volume of 48,791,531 shares. The stock had previously closed at GBX 0.11 ($0.00).

Technology Minerals Price Performance

The company has a debt-to-equity ratio of 13.13, a current ratio of 0.06 and a quick ratio of 0.66. The business has a fifty day moving average of GBX 0.14 and a 200-day moving average of GBX 0.17.

Technology Minerals (LON:TM1) last announced its quarterly earnings results on Tuesday, December 10th. The company reported GBX (0.30) ($0.00) earnings per share (EPS) for the quarter. Equities research analysts forecast that Technology Minerals Plc will post 0.0442708 EPS for the current fiscal year.

About Technology Minerals

Technology Minerals is developing the UK’s first listed, sustainable circular economy for battery metals, using cutting-edge technology to recycle, recover, and re-use battery technologies for a renewable energy future. The Company currently holds 48.35% of the issued share capital of Recyclus Group Ltd, the UK’s first industrial-scale recycler of both lithium-ion and lead acid batteries.