ADM Energy (LON:ADME) Shares Down 16% – Here’s Why

Shares of ADM Energy plc (LON:ADME) traded down 16% on Wednesday . The stock traded as low as GBX 0.02 and last traded at GBX 0.02. 3,900,006 shares were traded during mid-day trading, a decline of 3% from the average session volume of 4,028,572 shares. The stock had previously closed at GBX 0.03.

ADM Energy Stock Performance

The stock has a market cap of £536,747.40, a price-to-earnings ratio of 2.10 and a beta of 0.10. The company’s 50 day simple moving average is GBX 0.04 and its 200 day simple moving average is GBX 0.05. The company has a debt-to-equity ratio of -23.88, a quick ratio of 0.16 and a current ratio of 0.01.

ADM Energy (LON:ADME) last issued its quarterly earnings results on Monday, February 9th. The company reported GBX 0.01 earnings per share for the quarter. ADM Energy had a negative net margin of 320.54% and a negative return on equity of 583.57%. On average, equities research analysts anticipate that ADM Energy plc will post -69.9999984 earnings per share for the current year.

ADM Energy Company Profile

ADM Energy plc operates as a natural resource investment company. The company has interests in OML 113, an offshore license that covers an area of 835 square kilometers; and OML 141, an oil mining license covering an area of 1,295 square kilometers located in Nigeria. It also invests in metals, minerals, and oil and gas projects. The company was formerly known as MX Oil plc and changed its name to ADM Energy plc in June 2019. ADM Energy plc was incorporated in 2004 and is based in London, the United Kingdom.