Alkemy Capital Investments (LON:ALK) Shares Down 6.1% – Here’s Why

Shares of Alkemy Capital Investments Plc (LON:ALK) were down 6.1% during mid-day trading on Wednesday . The stock traded as low as GBX 274.47 and last traded at GBX 284. Approximately 118,182 shares traded hands during mid-day trading, an increase of 97% from the average session volume of 59,885 shares. The stock had previously closed at GBX 302.50.

Alkemy Capital Investments Stock Down 6.1%

The firm’s 50-day simple moving average is GBX 273.51 and its 200 day simple moving average is GBX 321.20. The company has a debt-to-equity ratio of -289.88, a quick ratio of 0.02 and a current ratio of 0.08. The stock has a market capitalization of £31.62 million, a P/E ratio of -11.24 and a beta of 0.60.

Alkemy Capital Investments (LON:ALK) last announced its quarterly earnings results on Thursday, May 28th. The company reported GBX (25.27) earnings per share for the quarter. Alkemy Capital Investments had a positive return on equity of 366.39% and a negative net margin of 2,682,812.71%.

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.