Neometals (LON:NMT) Trading Up 10.3% – What’s Next?

Neometals Ltd (LON:NMT)’s stock price traded up 10.3% during mid-day trading on Friday . The company traded as high as GBX 4 ($0.05) and last traded at GBX 3.86 ($0.05). 14,721 shares changed hands during trading, a decline of 58% from the average session volume of 34,707 shares. The stock had previously closed at GBX 3.50 ($0.04).

Neometals Stock Up 10.3 %

The stock’s fifty day moving average is GBX 3.98 and its 200 day moving average is GBX 4.45. The company has a current ratio of 18.83, a quick ratio of 17.13 and a debt-to-equity ratio of 11.27. The company has a market capitalization of £26.63 million, a P/E ratio of -128.67 and a beta of 1.44.

About Neometals

Neometals is an emerging, sustainable battery materials producer. The Company is commercialising three environmentally-friendly processing technologies that will primarily produce lithium, nickel, cobalt and vanadium at lowest quartile costs with minimal carbon footprint.

Neometals’ and its partners have been recognised internationally for sustainable approaches that combine industry leading costs with circular economic principles, reducing the reliance on traditional upstream mining-based supply chains.