Technology Minerals (LON:TM1) Stock Price Down 10.3% – What’s Next?

Technology Minerals Plc (LON:TM1) fell 10.3% during mid-day trading on Friday . The company traded as low as GBX 0.07 and last traded at GBX 0.07. 1,625,858 shares traded hands during trading, a decline of 96% from the average session volume of 44,682,441 shares. The stock had previously closed at GBX 0.08.

Technology Minerals Price Performance

The firm has a 50-day moving average of GBX 0.09 and a 200-day moving average of GBX 0.09. The company has a debt-to-equity ratio of 13.13, a quick ratio of 0.66 and a current ratio of 0.06. The firm has a market capitalization of £2.20 million, a P/E ratio of -0.12 and a beta of 0.60.

Technology Minerals (LON:TM1) last posted its quarterly earnings results on Wednesday, April 1st. The company reported GBX (0.05) earnings per share for the quarter. The firm had revenue of GBX 150 million during the quarter. As a group, analysts predict that Technology Minerals Plc will post 0.0442708 EPS for the current year.

Technology Minerals Company Profile

Technology Minerals is developing the UK’s first listed, sustainable circular economy for battery metals, using cutting-edge technology to recycle, recover, and re-use battery technologies for a renewable energy future. The Company currently holds 48.35% of the issued share capital of Recyclus Group Ltd, the UK’s first industrial-scale recycler of both lithium-ion and lead acid batteries.

Technology Minerals is focused on raw material exploration required for Li-ion batteries, whilst solving the ecological issue of spent Li-ion batteries, by recycling them for re-use by battery manufacturers.