Beowulf Mining (LON:BEM) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Beowulf Mining plc (LON:BEM) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 22.65 ($0.28) and traded as low as GBX 15.02 ($0.18). Beowulf Mining shares last traded at GBX 16.70 ($0.20), with a volume of 18,462 shares traded.

Beowulf Mining Stock Up 4.4 %

The company has a current ratio of 5.66, a quick ratio of 1.47 and a debt-to-equity ratio of 0.26. The firm’s fifty day moving average price is GBX 16.73 and its 200-day moving average price is GBX 22.65. The company has a market cap of £6.49 million, a price-to-earnings ratio of -238.57 and a beta of 0.63.

Beowulf Mining Company Profile

Beowulf Mining plc engages in the acquisition, exploration, and evaluation of natural resource assets in Sweden, Finland, and Kosovo. The company explores for iron ore, base precious metals, lead, zinc, gold, copper, silver, graphite, and other mineral properties. Its projects include the Kallak iron ore located in Norrbotten County, Northern Sweden; Atvidaberg exploration license that comprises 12,533 hectares, which cover an area of 225 square kilometers situated in the Bergslagen area, southern Sweden; and Pitkajarvi and Aitolampi graphite prospects covers an area of 407 hectares, which are located in Eastern Finland.