Beowulf Mining (LON:BEM) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Shares of Beowulf Mining plc (LON:BEM) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 18.92 ($0.25) and traded as high as GBX 23 ($0.30). Beowulf Mining shares last traded at GBX 23 ($0.30), with a volume of 7,015 shares.

Beowulf Mining Trading Down 8.2 %

The company has a market capitalization of £7.49 million, a price-to-earnings ratio of -3.95 and a beta of 0.63. 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 business’s 50 day moving average price is GBX 17.26 and its two-hundred day moving average price is GBX 18.90.

Beowulf Mining (LON:BEM) last announced its quarterly earnings results 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.