Technology Minerals (LON:TM1) Trading Up 9.4% – Still a Buy?

Technology Minerals Plc (LON:TM1) traded up 9.4% during mid-day trading on Friday . The stock traded as high as GBX 0.06 and last traded at GBX 0.06. Approximately 20,277,061 shares changed hands during mid-day trading, an increase of 11% from the average daily volume of 18,342,430 shares. The stock had previously closed at GBX 0.05.

Technology Minerals Trading Up 9.4%

The stock has a market cap of £7.25 million, a PE ratio of -0.10 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 stock’s fifty day moving average price is GBX 0.05 and its 200 day moving average price is GBX 0.07.

About Technology Minerals

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.