Critical Metals (LON:CRTM) Stock Price Down 12.8% – Here’s What Happened

Shares of Critical Metals Plc (LON:CRTM) were down 12.8% during mid-day trading on Wednesday . The company traded as low as GBX 11 and last traded at GBX 11.33. Approximately 175,426 shares traded hands during trading, a decline of 20% from the average daily volume of 219,188 shares. The stock had previously closed at GBX 13.

Critical Metals Price Performance

The firm has a market capitalization of £13.13 million, a P/E ratio of -0.38 and a beta of 1.70. The business has a 50-day moving average of GBX 13.06 and a 200 day moving average of GBX 9.30. The company has a current ratio of 0.03, a quick ratio of 7.85 and a debt-to-equity ratio of 591.80.

Critical Metals (LON:CRTM) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported GBX 0.19 earnings per share (EPS) for the quarter. Critical Metals had a negative return on equity of 130.81% and a negative net margin of 5,636.57%.

Critical Metals Company Profile

Critical Metals is focused on acquiring and developing brownfield mining opportunities in the high-value critical metals space. The Company is focused on advancing low CAPEX and OPEX near-term production opportunities in order to generate short-term cash flow and build significant value for shareholders. Testament to this, the Company is currently developing the previously producing Molulu Copper Cobalt Mine in the Democratic Republic of Congo, and is focussed on returning the mine to production, targeting 120,000t/per annum of Copper Oxide Ore.