Beowulf Mining (LON:BEM) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Beowulf Mining plc (LON:BEM)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 10.51 and traded as high as GBX 12. Beowulf Mining shares last traded at GBX 12, with a volume of 655 shares traded.

Beowulf Mining Stock Performance

The firm has a market cap of £6.76 million, a PE ratio of -3.08 and a beta of 0.63. The company has a quick ratio of 1.47, a current ratio of 3.73 and a debt-to-equity ratio of 0.22. The company has a 50-day simple moving average of GBX 10.24 and a two-hundred day simple moving average of GBX 10.51.

Beowulf Mining (LON:BEM) last released its earnings results on Friday, August 29th. The company reported GBX (2.42) EPS for the quarter.

About Beowulf Mining

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.