Alien Metals (LON:UFO) Stock Falls 6.7% – Here’s Why

Shares of Alien Metals Limited (LON:UFO) traded down 6.7% on Monday. The stock traded as low as GBX 0.06 and last traded at GBX 0.07. Approximately 91,129,516 shares changed hands during trading, an increase of 29% from the average daily volume of 70,376,398 shares. The stock had previously closed at GBX 0.07.

Alien Metals Price Performance

The company has a market capitalization of £7.44 million, a price-to-earnings ratio of -7.78 and a beta of 1.01. The stock’s fifty day simple moving average is GBX 0.08 and its two-hundred day simple moving average is GBX 0.10. The company has a debt-to-equity ratio of 3.77, a current ratio of 0.63 and a quick ratio of 4.22.

About Alien Metals

Alien Metals Ltd is a mining exploration and development company listed on the AIM market of the London Stock Exchange (AIM: UFO). The Company follows a balanced strategy of advancing and strengthening its asset portfolio through targeted technical work and project development, while evaluating partnerships, joint ventures, and selective monetisation opportunities that are value-enhancing for shareholders. At the same time, Alien will continue to consider opportunities to expand our asset base through carefully selected acquisition opportunities which meet the Board’s prudent criteria.
Alien’s principal focus is the advancement and development of its 90%-owned Hancock Iron Ore Project in the central Pilbara region of Western Australia.