Beowulf Mining (LON:BEM) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Beowulf Mining plc (LON:BEM) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 10.52 and traded as high as GBX 11.11. Beowulf Mining shares last traded at GBX 10.90, with a volume of 91,639 shares traded.

Beowulf Mining Trading Up 10.0%

The firm has a market capitalization of £6.56 million, a price-to-earnings ratio of -2.99 and a beta of 0.63. The business’s fifty day moving average is GBX 10.43 and its 200 day moving average is GBX 10.50. The company has a quick ratio of 1.47, a current ratio of 3.73 and a debt-to-equity ratio of 0.22.

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

Beowulf Mining Company Profile

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.