Alien Metals (LON:UFO) Shares Down 9.6% – Time to Sell?

Alien Metals Limited (LON:UFO) shares dropped 9.6% on Friday . The company traded as low as GBX 0.08 ($0.00) and last traded at GBX 0.08 ($0.00). Approximately 8,302,892 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 42,551,020 shares. The stock had previously closed at GBX 0.08 ($0.00).

Alien Metals Trading Down 15.7 %

The company has a debt-to-equity ratio of 3.77, a quick ratio of 4.22 and a current ratio of 0.63. The business has a 50 day simple moving average of GBX 0.10 and a 200-day simple moving average of GBX 0.12. The stock has a market capitalization of £5.26 million, a P/E ratio of -4.85 and a beta of 1.01.

Alien Metals Company Profile

Alien Metals Limited, together with its subsidiaries, engages in the acquisition and development of mineral resource properties. The company explores for iron ore, silver, and platinum group metal deposits. Its flagship project is the 90% owned Hancock Iron Ore project located in Western Australia. The company was formerly known as Arian Silver Corporation and changed its name to Alien Metals Limited in October 2018.