Technology Minerals (LON:TM1) Trading 7.1% Higher – Here’s What Happened

Technology Minerals Plc (LON:TM1)’s share price was up 7.1% on Monday . The company traded as high as GBX 0.06 and last traded at GBX 0.06. Approximately 15,658,491 shares changed hands during trading, a decline of 48% from the average daily volume of 29,908,939 shares. The stock had previously closed at GBX 0.06.

Technology Minerals Stock Up 7.1%

The business has a 50-day simple moving average of GBX 0.08 and a two-hundred day simple moving average of GBX 0.09. The company has a debt-to-equity ratio of 13.13, a quick ratio of 0.66 and a current ratio of 0.06. The company has a market capitalization of £1.89 million, a price-to-earnings ratio of -0.10 and a beta of 0.60.

Technology Minerals (LON:TM1) last posted its quarterly earnings data on Wednesday, April 1st. The company reported GBX (0.05) earnings per share for the quarter. The business had revenue of GBX 150 million during the quarter. As a group, equities analysts predict that Technology Minerals Plc will post 0.0442708 EPS for the current 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.

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.