Beowulf Mining (LON:BEM) Trading Up 23.1% – Here’s Why

Beowulf Mining plc (LON:BEM)’s stock price traded up 23.1% during mid-day trading on Wednesday . The stock traded as high as GBX 8 and last traded at GBX 8. 292,593 shares changed hands during mid-day trading, an increase of 272% from the average session volume of 78,655 shares. The stock had previously closed at GBX 6.50.

Beowulf Mining Stock Performance

The company has a debt-to-equity ratio of 1.39, a current ratio of 4.50 and a quick ratio of 1.47. The company has a fifty day moving average price of GBX 9.01 and a 200 day moving average price of GBX 9.91. The stock has a market cap of £3.78 million, a P/E ratio of -1.93 and a beta of 0.63.

Beowulf Mining (LON:BEM) last issued its earnings results on Friday, February 27th. The company reported GBX (3.16) earnings per share (EPS) for the quarter.

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.