Technology Minerals (LON:TM1) Shares Down 6.7% – Should You Sell?

Shares of Technology Minerals Plc (LON:TM1) dropped 6.7% on Tuesday . The stock traded as low as GBX 0.07 and last traded at GBX 0.07. Approximately 1,056,473 shares were traded during trading, a decline of 97% from the average daily volume of 40,328,078 shares. The stock had previously closed at GBX 0.08.

Technology Minerals Stock Performance

The firm has a 50 day moving average of GBX 0.08 and a two-hundred day moving average of GBX 0.09. The stock has a market cap of £2.52 million, a PE ratio of -0.13 and a beta of 0.60. The company has a debt-to-equity ratio of 13.13, a current ratio of 0.06 and a quick ratio of 0.66.

Technology Minerals (LON:TM1) last posted its earnings results on Wednesday, April 1st. The company reported GBX (0.05) earnings per share for the quarter. The company had revenue of GBX 150 million during the quarter. Research analysts predict that Technology Minerals Plc will post 0.0442708 EPS for the current fiscal year.

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.