Technology Minerals (LON:TM1) Trading Down 9.8% – Time to Sell?

Technology Minerals Plc (LON:TM1) shares dropped 9.8% during mid-day trading on Wednesday . The company traded as low as GBX 0.10 ($0.00) and last traded at GBX 0.10 ($0.00). Approximately 13,447,767 shares traded hands during trading, a decline of 79% from the average daily volume of 64,072,395 shares. The stock had previously closed at GBX 0.11 ($0.00).

Technology Minerals Stock Performance

The company has a debt-to-equity ratio of 13.13, a quick ratio of 0.66 and a current ratio of 0.06. The firm has a 50 day moving average price of GBX 0.14 and a 200 day moving average price of GBX 0.14.

Technology Minerals (LON:TM1) last posted its earnings results on Tuesday, December 10th. The company reported GBX (0.30) ($0.00) EPS for the quarter. Sell-side analysts predict that Technology Minerals Plc will post 0.0442708 earnings per share for the current year.

Technology Minerals Company Profile

Technology Minerals is developing the UK’s first listed, sustainable circular economy for battery metals, using cutting-edge technology to recycle, recover, and re-use battery technologies for a renewable energy future. The Company currently holds 48.35% of the issued share capital of Recyclus Group Ltd, the UK’s first industrial-scale recycler of both lithium-ion and lead acid batteries.