Beowulf Mining (LON:BEM) Shares Down 39% – What’s Next?

Shares of Beowulf Mining plc (LON:BEM) fell 39% on Friday . The stock traded as low as GBX 11.11 ($0.14) and last traded at GBX 12.20 ($0.16). 74,770 shares were traded during mid-day trading, an increase of 589% from the average session volume of 10,845 shares. The stock had previously closed at GBX 20 ($0.26).

Beowulf Mining Stock Down 44.3 %

The company has a 50 day simple moving average of GBX 17.46 and a two-hundred day simple moving average of GBX 18.21. The company has a current ratio of 3.73, a quick ratio of 1.47 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of £4.33 million, a P/E ratio of -2.29 and a beta of 0.63.

Beowulf Mining (LON:BEM) last posted its quarterly earnings data on Monday, March 3rd. The company reported GBX (5.13) (($0.07)) earnings per share (EPS) for the quarter.

About Beowulf Mining

Beowulf Mining plc engages in the acquisition, exploration, and evaluation of natural resource assets in Sweden, Finland, and Kosovo. The company explores for iron ore, base precious metals, lead, zinc, gold, copper, silver, graphite, and other mineral properties. Its projects include the Kallak iron ore located in Norrbotten County, Northern Sweden; Atvidaberg exploration license that comprises 12,533 hectares, which cover an area of 225 square kilometers situated in the Bergslagen area, southern Sweden; and Pitkajarvi and Aitolampi graphite prospects covers an area of 407 hectares, which are located in Eastern Finland.