Technology Minerals (LON:TM1) Shares Up 10% – What’s Next?

Technology Minerals Plc (LON:TM1)’s stock price shot up 10% during trading on Tuesday . The stock traded as high as GBX 0.09 and last traded at GBX 0.09. 1,343,490 shares changed hands during trading, a decline of 97% from the average session volume of 51,159,008 shares. The stock had previously closed at GBX 0.08.

Technology Minerals Price Performance

The company has a market capitalization of £2.83 million, a price-to-earnings ratio of -0.15 and a beta of 0.60. The company has a quick ratio of 0.66, a current ratio of 0.06 and a debt-to-equity ratio of 13.13. The company has a 50 day simple moving average of GBX 0.09 and a 200 day simple moving average of GBX 0.09.

Technology Minerals (LON:TM1) last announced its quarterly earnings results on Wednesday, April 1st. The company reported GBX (0.05) EPS for the quarter. The business had revenue of GBX 150 million during the quarter. As a group, research analysts predict that Technology Minerals Plc will post 0.0442708 EPS for the current year.

Technology Minerals Company Profile

Technology Minerals is developing the UK’s first listed, sustainable circular economy for battery metals, using cutting-edge technology to recycle, recover, and re-use battery technologies for a renewable energy future. The Company currently holds 48.35% of the issued share capital of Recyclus Group Ltd, the UK’s first industrial-scale recycler of both lithium-ion and lead acid batteries.

Technology Minerals is focused on raw material exploration required for Li-ion batteries, whilst solving the ecological issue of spent Li-ion batteries, by recycling them for re-use by battery manufacturers.