Technology Minerals (LON:TM1) Issues Quarterly Earnings Results

Technology Minerals (LON:TM1) released its quarterly earnings results on Wednesday. The company reported GBX (0.05) EPS for the quarter, reports. The business had revenue of GBX 150 million for the quarter.

Technology Minerals Stock Performance

Shares of LON TM1 remained flat at GBX 0.09 during mid-day trading on Thursday. Technology Minerals has a one year low of GBX 0.04 and a one year high of GBX 0.50. The firm has a 50-day simple moving average of GBX 0.09 and a 200-day simple moving average of GBX 0.09. 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 market cap of £2.51 million, a PE ratio of -0.33 and a beta of 0.60.

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.

Technology Minerals is focused on raw material exploration required for Li-ion batteries, whilst solving the ecological issue of spent Li-ion batteries, by recycling them for re-use by battery manufacturers.