ADM Energy (LON:ADME) Trading Down 10% – Here’s Why

Shares of ADM Energy plc (LON:ADMEGet Free Report) traded down 10% during trading on Wednesday . The company traded as low as GBX 0.03 and last traded at GBX 0.03. 9,507,888 shares were traded during trading, an increase of 136% from the average session volume of 4,028,572 shares. The stock had previously closed at GBX 0.03.

ADM Energy Price Performance

The company has a market capitalization of £638,985.00, a P/E ratio of 2.50 and a beta of 0.56. The business’s 50-day simple moving average is GBX 0.02 and its 200 day simple moving average is GBX 0.04. The company has a current ratio of 0.01, a quick ratio of 0.16 and a debt-to-equity ratio of -23.88.

About ADM Energy

(Get Free Report)

ADM Energy plc operates as a natural resource investment company. The company has interests in OML 113, an offshore license that covers an area of 835 square kilometers; and OML 141, an oil mining license covering an area of 1,295 square kilometers located in Nigeria. It also invests in metals, minerals, and oil and gas projects. The company was formerly known as MX Oil plc and changed its name to ADM Energy plc in June 2019. ADM Energy plc was incorporated in 2004 and is based in London, the United Kingdom.

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