Power Metal Resources (LON:POW) Hits New 52-Week Low – What’s Next?

Power Metal Resources plc (LON:POW)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as GBX 11.50 and last traded at GBX 11.94, with a volume of 256787 shares traded. The stock had previously closed at GBX 12.12.

Power Metal Resources Trading Down 1.5%

The company has a market capitalization of £13.48 million, a price-to-earnings ratio of 3.91 and a beta of 0.29. The company has a debt-to-equity ratio of 2.25, a quick ratio of 2.24 and a current ratio of 6.66. The business’s 50-day simple moving average is GBX 12.86 and its 200-day simple moving average is GBX 13.91.

Power Metal Resources (LON:POW) last issued its quarterly earnings results on Tuesday, June 2nd. The company reported GBX 2.44 EPS for the quarter. The company had revenue of GBX 8 million during the quarter. Power Metal Resources had a negative net margin of 6,109.68% and a negative return on equity of 14.52%.

About Power Metal Resources

Power Metal Resources plc, together with its subsidiaries, engages in the exploration and exploitation of mineral resources in Africa, Australia, Canada, and the United States. The company primarily explores for nickel, lithium, tungsten, rare earths, platinum group elements, copper, graphite, uranium, gold, and silver. The company was formerly known as African Battery Metals Plc and changed its name to Power Metal Resources plc in June 2019. Power Metal Resources plc was incorporated in 2011 and is based in London, the United Kingdom.