Technology Minerals (LON:TM1) Trading Down 18.1% – Here’s Why

Technology Minerals Plc (LON:TM1) was down 18.1% during trading on Thursday . The company traded as low as GBX 0.05 and last traded at GBX 0.06. Approximately 5,776,114 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 29,434,600 shares. The stock had previously closed at GBX 0.07.

Technology Minerals Trading Down 19.4%

The stock has a 50-day moving average of GBX 0.08 and a 200 day moving average of GBX 0.09. The stock has a market cap of £1.82 million, a PE ratio of -0.10 and a beta of 0.60. The company has a quick ratio of 0.66, a current ratio of 0.06 and a debt-to-equity ratio of 13.13.

Technology Minerals (LON:TM1) last issued its earnings results on Wednesday, April 1st. The company reported GBX (0.05) EPS for the quarter. The company had revenue of GBX 150 million during the quarter. As a group, sell-side analysts anticipate that Technology Minerals Plc will post 0.0442708 earnings per share for the current year.

Technology Minerals Company Profile

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.

Technology Minerals is focused on raw material exploration required for Li-ion batteries, whilst solving the ecological issue of spent Li-ion batteries, by recycling them for re-use by battery manufacturers.