Technology Minerals (LON:TM1) Trading Up 11.1% – Time to Buy?

Technology Minerals Plc (LON:TM1) shares rose 11.1% on Thursday . The company traded as high as GBX 0.10 ($0.00) and last traded at GBX 0.10 ($0.00). Approximately 1,740,402 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 49,068,266 shares. The stock had previously closed at GBX 0.09 ($0.00).

Technology Minerals Price Performance

The company has a current ratio of 0.06, a quick ratio of 0.66 and a debt-to-equity ratio of 13.13. The company’s 50 day moving average price is GBX 0.12 and its 200-day moving average price is GBX 0.13.

Technology Minerals (LON:TM1) last posted its quarterly earnings results on Tuesday, December 10th. The company reported GBX (0.30) ($0.00) earnings per share (EPS) for the quarter. As a group, sell-side analysts expect that Technology Minerals Plc will post 0.0442708 EPS for the current fiscal year.

About Technology Minerals

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.