Neometals (LON:NMT) Trading 5.3% Higher – Should You Buy?

Neometals Ltd (LON:NMTGet Free Report)’s share price rose 5.3% on Tuesday . The company traded as high as GBX 5 ($0.06) and last traded at GBX 5 ($0.06). Approximately 928 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 14,596 shares. The stock had previously closed at GBX 4.75 ($0.06).

Neometals Stock Performance

The stock has a market capitalization of £32.77 million, a PE ratio of -166.67 and a beta of 1.44. The firm has a 50 day moving average price of GBX 4.98 and a 200 day moving average price of GBX 4.99. The company has a quick ratio of 17.13, a current ratio of 18.83 and a debt-to-equity ratio of 11.27.

Neometals Company Profile

(Get Free Report)

Neometals Ltd explores for mineral projects in Australia. The company operates through three segments: Lithium, Titanium/Vanadium, and Other. Its projects include the Lithium-ion Battery Recycling project provides recycling service of batteries; Vanadium Recovery project, which recovers vanadium pentoxide through processing of steelmaking by-products; Lithium Refinery project; and Barrambie Titanium and Vanadium project located in Western Australia.

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