Tertiary Minerals (LON:TYM) Shares Up 18.9% – Here’s Why

Tertiary Minerals plc (LON:TYM) shares were up 18.9% on Wednesday . The company traded as high as GBX 0.07 and last traded at GBX 0.06. Approximately 102,748,781 shares traded hands during mid-day trading, an increase of 68% from the average daily volume of 61,335,480 shares. The stock had previously closed at GBX 0.05.

Tertiary Minerals Stock Up 18.9%

The firm’s 50 day simple moving average is GBX 0.07 and its 200-day simple moving average is GBX 0.08. The company has a market cap of £3.25 million, a price-to-earnings ratio of -6.30 and a beta of -0.50. The company has a debt-to-equity ratio of 40.39, a current ratio of 0.47 and a quick ratio of 5.85.

Tertiary Minerals (LON:TYM) last announced its earnings results on Wednesday, June 24th. The company reported GBX (0.01) earnings per share (EPS) for the quarter. The business had revenue of GBX 6,572 million for the quarter. Tertiary Minerals had a negative return on equity of 52.62% and a negative net margin of 401.15%.

About Tertiary Minerals

Tertiary Minerals plc, together with its subsidiaries, engages in the identification, acquisition, exploration, and development of mineral projects. It explores for base and precious metal, copper, gold, and silver deposits in Zambia and in Nevada. Tertiary Minerals plc was incorporated in 1999 and is headquartered in Macclesfield, the United Kingdom.