Beowulf Mining (LON:BEM) Stock Price Down 5.3% – Here’s Why

Beowulf Mining plc (LON:BEMGet Free Report)’s share price fell 5.3% on Monday . The company traded as low as GBX 17.02 ($0.22) and last traded at GBX 18 ($0.23). 17,912 shares changed hands during mid-day trading, an increase of 9% from the average session volume of 16,422 shares. The stock had previously closed at GBX 19 ($0.24).

Beowulf Mining Stock Down 8.1 %

The firm’s 50 day simple moving average is GBX 19.42 and its 200-day simple moving average is GBX 22.24. The company has a current ratio of 5.66, a quick ratio of 1.47 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of £6.60 million, a price-to-earnings ratio of -242.86 and a beta of 0.63.

Beowulf Mining Company Profile

(Get Free Report)

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.

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