ADM Energy (LON:ADME) Trading 14.3% Higher – Here’s What Happened

Shares of ADM Energy plc (LON:ADME) rose 14.3% on Friday . The company traded as high as GBX 0.24 ($0.00) and last traded at GBX 0.20 ($0.00). Approximately 15,911,184 shares were traded during trading, an increase of 2,949% from the average daily volume of 521,860 shares. The stock had previously closed at GBX 0.18 ($0.00).

ADM Energy Stock Performance

The company has a debt-to-equity ratio of -23.88, a quick ratio of 0.16 and a current ratio of 0.01. The firm has a market cap of £1.26 million, a price-to-earnings ratio of -0.24 and a beta of 1.01. The business has a fifty day simple moving average of GBX 0.20 and a 200-day simple moving average of GBX 0.35.

ADM Energy (LON:ADME) last released its quarterly earnings results on Tuesday, December 31st. The company reported GBX (0.10) ($0.00) earnings per share for the quarter. ADM Energy had a negative return on equity of 69.57% and a negative net margin of 320.54%. As a group, equities analysts forecast that ADM Energy plc will post -69.9999984 earnings per share for the current fiscal year.

About ADM Energy

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.