Alien Metals (LON:UFO) Trading Down 12% – Here’s Why

Alien Metals Limited (LON:UFOGet Free Report) shares traded down 12% on Thursday . The stock traded as low as GBX 0.11 and last traded at GBX 0.11. 14,522,948 shares were traded during mid-day trading, a decline of 86% from the average session volume of 105,734,445 shares. The stock had previously closed at GBX 0.13.

Alien Metals Stock Down 5.0%

The firm has a 50-day moving average of GBX 0.13 and a two-hundred day moving average of GBX 0.14. The company has a current ratio of 0.63, a quick ratio of 4.22 and a debt-to-equity ratio of 3.77. The firm has a market capitalization of £13.23 million, a PE ratio of -4.85 and a beta of 1.01.

About Alien Metals

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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.

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