Neometals (LON:NMT) Stock Price Down 3.2% – Here’s Why

Shares of Neometals Ltd (LON:NMT) traded down 3.2% during mid-day trading on Monday . The company traded as low as GBX 3 ($0.04) and last traded at GBX 3 ($0.04). 4,620 shares changed hands during trading, a decline of 89% from the average session volume of 42,240 shares. The stock had previously closed at GBX 3.10 ($0.04).

Neometals Trading Down 3.2 %

The company has a quick ratio of 17.13, a current ratio of 18.83 and a debt-to-equity ratio of 11.27. The company has a 50-day moving average price of GBX 3.36 and a 200-day moving average price of GBX 4.30. The company has a market capitalization of £57.39 million, a price-to-earnings ratio of -1.87 and a beta of 1.44.

Neometals Company Profile

Neometals is an emerging, sustainable battery materials producer. The Company is commercialising three environmentally-friendly processing technologies that will primarily produce lithium, nickel, cobalt and vanadium at lowest quartile costs with minimal carbon footprint.

Neometals’ and its partners have been recognised internationally for sustainable approaches that combine industry leading costs with circular economic principles, reducing the reliance on traditional upstream mining-based supply chains.