Beowulf Mining (LON:BEM) Shares Pass Above 200 Day Moving Average – Here’s Why

Beowulf Mining plc (LON:BEM) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 18.96 ($0.24) and traded as high as GBX 23 ($0.30). Beowulf Mining shares last traded at GBX 19 ($0.24), with a volume of 3,490 shares.

Beowulf Mining Stock Down 0.8 %

The company has a debt-to-equity ratio of 0.22, a current ratio of 3.73 and a quick ratio of 1.47. The company has a market capitalization of £7.38 million, a P/E ratio of -3.89 and a beta of 0.63. The stock has a 50-day moving average price of GBX 16.36 and a 200-day moving average price of GBX 18.96.

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

Beowulf Mining Company Profile

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.