Alien Metals (LON:UFO) Shares Down 3.2% – Time to Sell?

Alien Metals Limited (LON:UFO)’s stock price was down 3.2% during trading on Monday . The stock traded as low as GBX 0.09 ($0.00) and last traded at GBX 0.09 ($0.00). Approximately 53,130,023 shares were traded during trading, an increase of 52% from the average daily volume of 34,881,512 shares. The stock had previously closed at GBX 0.09 ($0.00).

Alien Metals Stock Down 3.2%

The stock has a market capitalization of £6.76 million, a price-to-earnings ratio of -4.85 and a beta of 1.01. The firm has a 50-day moving average of GBX 0.09 and a 200 day moving average of GBX 0.08. The company has a current ratio of 0.63, a quick ratio of 4.22 and a debt-to-equity ratio of 3.77.

Alien Metals Company Profile

Alien Metals Ltd is a minerals exploration and development company in Western Australia. The company is currently developing its flagship Hancock Iron Ore Project, with the aim to produce DSO iron ore (direct shipping ore). By acquiring the Hancock Iron Ore Project, the Brockman Iron Ore Project and the Vivash Gorge Iron Ore Project, Alien Metals has turned all three projects into the Western Hancock Tenement and seeks to develop it with its 100% owned subsidiary the Iron Ore Company of Australia (IOCA).

Whilst also developing iron ore opportunities in Western Australia, the Company is also pursuing precious metals and platinum group metals opportunities by developing the Elizabeth Hill Silver Project and the Munni Munni PGM Project.