Technology Minerals (LON:TM1) Stock Price Down 6.7% – What’s Next?

Technology Minerals Plc (LON:TM1)’s share price dropped 6.7% on Tuesday . The stock traded as low as GBX 0.07 and last traded at GBX 0.07. Approximately 1,056,473 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 40,328,078 shares. The stock had previously closed at GBX 0.08.

Technology Minerals Stock Performance

The firm’s 50-day moving average price is GBX 0.08 and its two-hundred day moving average price is GBX 0.09. The firm has a market capitalization of £2.52 million, a PE ratio of -0.13 and a beta of 0.60. The company has a quick ratio of 0.66, a current ratio of 0.06 and a debt-to-equity ratio of 13.13.

Technology Minerals (LON:TM1) last released its earnings results on Wednesday, April 1st. The company reported GBX (0.05) earnings per share for the quarter. The firm had revenue of GBX 150 million for the quarter. As a group, research analysts predict that Technology Minerals Plc will post 0.0442708 earnings per share for the current fiscal year.

Technology Minerals Company Profile

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.

Technology Minerals is focused on raw material exploration required for Li-ion batteries, whilst solving the ecological issue of spent Li-ion batteries, by recycling them for re-use by battery manufacturers.