Power Metal Resources (LON:POW) Reaches New 52-Week Low – Should You Sell?

Shares of Power Metal Resources plc (LON:POW) hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as GBX 10 and last traded at GBX 10.25, with a volume of 267,964 shares trading hands. The stock had previously closed at GBX 10.75.

Power Metal Resources Price Performance

The company has a current ratio of 6.66, a quick ratio of 2.24 and a debt-to-equity ratio of 2.25. The stock has a market capitalization of £11.29 million, a PE ratio of -5.18 and a beta of 0.29. The firm has a 50 day moving average price of GBX 12.21 and a 200 day moving average price of GBX 12.65.

Power Metal Resources (LON:POW) last announced its earnings results on Wednesday, September 30th. The company reported GBX (0.27) EPS 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.