Technology Minerals (LON:TM1) Trading 7.1% Higher – Still a Buy?

Technology Minerals Plc (LON:TM1)’s stock price rose 7.1% during trading on Monday . The stock traded as high as GBX 0.06 and last traded at GBX 0.06. Approximately 15,658,491 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 29,908,939 shares. The stock had previously closed at GBX 0.06.

Technology Minerals Stock Down 11.7%

The company has a market capitalization of £1.67 million, a P/E ratio of -0.09 and a beta of 0.60. The company has a quick ratio of 0.66, a current ratio of 0.06 and a debt-to-equity ratio of 13.13. The firm has a fifty day simple moving average of GBX 0.08 and a 200-day simple moving average of GBX 0.09.

Technology Minerals (LON:TM1) last issued its quarterly earnings data on Wednesday, April 1st. The company reported GBX (0.05) earnings per share (EPS) for the quarter. The firm had revenue of GBX 150 million for the quarter. On average, equities research analysts expect that Technology Minerals Plc will post 0.0442708 EPS for the current fiscal year.

About Technology Minerals

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.