ADM Energy (LON:ADME) Trading 11.1% Higher – Here’s Why

ADM Energy plc (LON:ADME) shares traded up 11.1% on Tuesday . The stock traded as high as GBX 0.03 and last traded at GBX 0.03. 26,253,094 shares changed hands during mid-day trading, an increase of 552% from the average session volume of 4,028,572 shares. The stock had previously closed at GBX 0.03.

ADM Energy Price Performance

The firm’s 50-day moving average is GBX 0.03 and its two-hundred day moving average is GBX 0.05. The company has a market cap of £766,782.00, a P/E ratio of 3.00 and a beta of 0.10. The company has a debt-to-equity ratio of -23.88, a current ratio of 0.01 and a quick ratio of 0.16.

ADM Energy (LON:ADME) last announced its quarterly earnings results on Monday, February 9th. The company reported GBX 0.01 earnings per share for the quarter. ADM Energy had a negative net margin of 320.54% and a negative return on equity of 583.57%. Analysts anticipate that ADM Energy plc will post -69.9999984 earnings per share for the current year.

About ADM Energy

ADM Energy plc operates as a natural resource investment company. The company has interests in OML 113, an offshore license that covers an area of 835 square kilometers; and OML 141, an oil mining license covering an area of 1,295 square kilometers located in Nigeria. It also invests in metals, minerals, and oil and gas projects. The company was formerly known as MX Oil plc and changed its name to ADM Energy plc in June 2019. ADM Energy plc was incorporated in 2004 and is based in London, the United Kingdom.