Alien Metals (LON:UFO) Shares Down 14% – What’s Next?

Alien Metals Limited (LON:UFO) shares traded down 14% during mid-day trading on Thursday . The company traded as low as GBX 0.08 ($0.00) and last traded at GBX 0.09 ($0.00). 271,505,813 shares traded hands during mid-day trading, an increase of 594% from the average session volume of 39,135,672 shares. The stock had previously closed at GBX 0.10 ($0.00).

Alien Metals Price Performance

The company has a market capitalization of £6.76 million, a P/E ratio of -4.85 and a beta of 1.01. The company has a debt-to-equity ratio of 3.77, a current ratio of 0.63 and a quick ratio of 4.22. The firm’s 50-day moving average is GBX 0.07 and its 200-day moving average is GBX 0.09.

About Alien Metals

Alien Metals Ltd is a minerals exploration and development company in Western Australia. The company is currently developing its flagship Hancock Iron Ore Project, with the aim to produce DSO iron ore (direct shipping ore). By acquiring the Hancock Iron Ore Project, the Brockman Iron Ore Project and the Vivash Gorge Iron Ore Project, Alien Metals has turned all three projects into the Western Hancock Tenement and seeks to develop it with its 100% owned subsidiary the Iron Ore Company of Australia (IOCA).

Whilst also developing iron ore opportunities in Western Australia, the Company is also pursuing precious metals and platinum group metals opportunities by developing the Elizabeth Hill Silver Project and the Munni Munni PGM Project.