Power Metal Resources (LON:POW) Reaches New 1-Year Low – Here’s Why

Power Metal Resources plc (LON:POW – Get Free Report) reached a new 52-week low during mid-day trading on Monday. The company traded as low as GBX 11 and last traded at GBX 11.40, with a volume of 329665 shares traded. The stock had previously closed at GBX 11.40.

Power Metal Resources Stock Performance

The company has a quick ratio of 2.24, a current ratio of 6.66 and a debt-to-equity ratio of 2.25. The firm has a market cap of £12.87 million, a P/E ratio of 3.74 and a beta of 0.29. The firm’s 50-day simple moving average is GBX 12.45 and its 200 day simple moving average is GBX 12.81.

Power Metal Resources (LON:POW – Get Free Report) last released its earnings results on Wednesday, September 30th. The company reported GBX (0.27) earnings per share for the quarter. Power Metal Resources had a negative net margin of 6,109.68% and a negative return on equity of 14.52%.

About Power Metal Resources

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Power Metal Resources plc, together with its subsidiaries, engages in the exploration and exploitation of mineral resources in Africa, Australia, Canada, and the United States. The company primarily explores for nickel, lithium, tungsten, rare earths, platinum group elements, copper, graphite, uranium, gold, and silver. The company was formerly known as African Battery Metals Plc and changed its name to Power Metal Resources plc in June 2019. Power Metal Resources plc was incorporated in 2011 and is based in London, the United Kingdom.

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