Alkemy Capital Investments (LON:ALK) Shares Down 7.3% – Here’s What Happened

Alkemy Capital Investments Plc (LON:ALK)’s share price dropped 7.3% during mid-day trading on Tuesday . The stock traded as low as GBX 251 and last traded at GBX 278.70. 140,156 shares were traded during trading, an increase of 126% from the average daily volume of 61,979 shares. The stock had previously closed at GBX 300.50.

Alkemy Capital Investments Stock Performance

The stock has a market capitalization of £29.86 million, a P/E ratio of -10.76 and a beta of 0.58. The stock’s 50-day simple moving average is GBX 301.17 and its 200 day simple moving average is GBX 332.07. The company has a debt-to-equity ratio of -289.88, a current ratio of 0.08 and a quick ratio of 0.02.

Alkemy Capital Investments (LON:ALK) last issued its quarterly earnings data on Thursday, May 28th. The company reported GBX (25.27) earnings per share for the quarter.

About Alkemy Capital Investments

Alkemy Capital Investments Plc develops projects in the energy transition metals sector in the United Kingdom and Australia. It engages in the construction and operation of the lithium hydroxide processing facility and the lithium ore enrichment facility. The company also focuses on designing, developing, constructing, and operating of the plant that produces lithium hydroxide monohydrate. The company was formerly known as Alkemy Capital Plc and changed its name to Alkemy Capital Investments Plc in February 2021.