ADM Energy (LON:ADME) Shares Down 7.5% – Here’s Why

Shares of ADM Energy plc (LON:ADME) traded down 7.5% during trading on Friday . The company traded as low as GBX 0.04 and last traded at GBX 0.04. 2,501,461 shares traded hands during trading, a decline of 54% from the average session volume of 5,399,861 shares. The stock had previously closed at GBX 0.04.

ADM Energy Stock Down 7.5%

The company has a current ratio of 0.01, a quick ratio of 0.16 and a debt-to-equity ratio of -23.88. The firm has a market capitalization of £638,943.75, a price-to-earnings ratio of -0.01 and a beta of 1.01. The firm has a 50 day moving average price of GBX 0.05 and a two-hundred day moving average price of GBX 0.06.

ADM Energy (LON:ADME) last posted its quarterly earnings results on Monday, February 9th. The company reported GBX 0.01 EPS for the quarter. ADM Energy had a negative net margin of 320.54% and a negative return on equity of 69.57%. On average, equities analysts expect that ADM Energy plc will post -69.9999984 earnings per share for the current fiscal 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.