Technology Minerals (LON:TM1) Trading Down 7.1% – Here’s Why

Technology Minerals Plc (LON:TM1)’s share price was down 7.1% on Friday . The company traded as low as GBX 0.05 and last traded at GBX 0.05. Approximately 11,827,791 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 20,268,322 shares. The stock had previously closed at GBX 0.06.

Technology Minerals Stock Performance

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 £6.50 million, a price-to-earnings ratio of -0.09 and a beta of 0.60. The company has a fifty day moving average of GBX 0.05 and a two-hundred day moving average of 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.