Power Metal Resources (LON:POW) Hits New 52-Week Low – What’s Next?

Power Metal Resources plc (LON:POW) shares hit a new 52-week low during mid-day trading on Monday. The stock traded as low as GBX 10 and last traded at GBX 10, with a volume of 86,916 shares. The stock had previously closed at GBX 10.20.

Power Metal Resources Price Performance

The stock’s fifty day moving average price is GBX 12.05 and its 200-day moving average price is GBX 12.56. The firm has a market cap of £11.30 million, a PE ratio of -5.18 and a beta of 0.29. The company has a debt-to-equity ratio of 2.25, a current ratio of 6.66 and a quick ratio of 2.24.

Power Metal Resources (LON:POW) last posted its quarterly earnings results on Wednesday, September 30th. The company reported GBX (0.27) earnings per share for the quarter. Power Metal Resources had a negative return on equity of 14.52% and a negative net margin of 6,109.68%.

Power Metal Resources Company Profile

Power Metal Resources plc, together with its subsidiaries, engages in the exploration and exploitation of mineral resources in Africa, Australia, Canada, and the United States. The company primarily explores for nickel, lithium, tungsten, rare earths, platinum group elements, copper, graphite, uranium, gold, and silver. The company was formerly known as African Battery Metals Plc and changed its name to Power Metal Resources plc in June 2019. Power Metal Resources plc was incorporated in 2011 and is based in London, the United Kingdom.