Technology Minerals (LON:TM1) Shares Up 22.2% – Here’s Why

Shares of Technology Minerals Plc (LON:TM1Get Free Report) rose 22.2% during mid-day trading on Thursday . The company traded as high as GBX 0.11 ($0.00) and last traded at GBX 0.11 ($0.00). Approximately 26,872,912 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 33,409,523 shares. The stock had previously closed at GBX 0.09 ($0.00).

Technology Minerals Stock Up 6.7%

The company has a debt-to-equity ratio of 13.13, a quick ratio of 0.66 and a current ratio of 0.06. The company has a market cap of £2.68 million, a price-to-earnings ratio of -35.56 and a beta of 0.60. The business has a 50-day simple moving average of GBX 0.09 and a 200-day simple moving average of GBX 0.08.

About Technology Minerals

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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.

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