Critical Mineral Resources (LON:CMRS) Shares Down 12.5% – Here’s What Happened

Critical Mineral Resources PLC (LON:CMRS) dropped 12.5% during trading on Wednesday . The stock traded as low as GBX 3.41 and last traded at GBX 3.50. Approximately 3,782,099 shares changed hands during mid-day trading, an increase of 235% from the average daily volume of 1,129,465 shares. The stock had previously closed at GBX 4.

Critical Mineral Resources Stock Up 9.9%

The firm’s 50 day simple moving average is GBX 4 and its 200 day simple moving average is GBX 2.57. The company has a market cap of £7.50 million, a price-to-earnings ratio of -3.55 and a beta of 1.58.

Critical Mineral Resources (LON:CMRS) last posted its earnings results on Tuesday, September 30th. The company reported GBX (0.30) EPS for the quarter.

Insider Transactions at Critical Mineral Resources

In related news, insider Charles Long acquired 354,000 shares of Critical Mineral Resources stock in a transaction that occurred on Wednesday, August 27th. The stock was acquired at an average price of GBX 4 per share, with a total value of £14,160. Also, insider Dominic Traynor bought 490,476 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The stock was bought at an average price of GBX 4 per share, with a total value of £19,619.04. 14.39% of the stock is owned by insiders.

Critical Mineral Resources Company Profile

Critical Mineral Resources is a Moroccan focused company developing a sediment-hosted copper and silver project in the Anti Atlas.