Critical Metals (LON:CRTM) Trading Down 13.5% – What’s Next?

Critical Metals Plc (LON:CRTM)’s share price dropped 13.5% during mid-day trading on Thursday . The company traded as low as GBX 16 and last traded at GBX 16. Approximately 153,228 shares were traded during trading, a decline of 20% from the average daily volume of 190,813 shares. The stock had previously closed at GBX 18.50.

Critical Metals Stock Performance

The company has a current ratio of 0.03, a quick ratio of 7.85 and a debt-to-equity ratio of 591.80. The stock’s fifty day simple moving average is GBX 12.67 and its 200 day simple moving average is GBX 8.83. The company has a market cap of £14.51 million, a price-to-earnings ratio of -0.42 and a beta of 1.70.

Critical Metals (LON:CRTM) last posted its quarterly earnings results on Friday, November 7th. The company reported GBX (34.10) earnings per share (EPS) for the quarter. Critical Metals had a negative net margin of 5,636.57% and a negative return on equity of 130.81%.

Critical Metals Company Profile

Critical Metals is focused on acquiring and developing brownfield mining opportunities in the high-value critical metals space. The Company is focused on advancing low CAPEX and OPEX near-term production opportunities in order to generate short-term cash flow and build significant value for shareholders. Testament to this, the Company is currently developing the previously producing Molulu Copper Cobalt Mine in the Democratic Republic of Congo, and is focussed on returning the mine to production, targeting 120,000t/per annum of Copper Oxide Ore.