Beowulf Mining (LON:BEM) Shares Down 16.4% – Here’s Why

Shares of Beowulf Mining plc (LON:BEM) fell 16.4% on Monday . The stock traded as low as GBX 6.84 and last traded at GBX 6.84. 468,269 shares were traded during mid-day trading, an increase of 470% from the average session volume of 82,106 shares. The stock had previously closed at GBX 8.18.

Beowulf Mining Trading Down 16.4%

The stock has a market cap of £4.24 million, a P/E ratio of -2.16 and a beta of 0.63. The company has a debt-to-equity ratio of 1.39, a current ratio of 4.50 and a quick ratio of 1.47. The stock’s 50-day moving average is GBX 9.80 and its two-hundred day moving average is GBX 10.14.

Beowulf Mining (LON:BEM) last posted its earnings results on Friday, February 27th. The company reported GBX (3.16) 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.