Technology Minerals (LON:TM1) Shares Down 7.3% – Here’s Why

Technology Minerals Plc (LON:TM1)’s stock price dropped 7.3% on Friday . The stock traded as low as GBX 0.05 and last traded at GBX 0.05. Approximately 15,406,514 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 27,892,707 shares. The stock had previously closed at GBX 0.06.

Technology Minerals Stock Down 9.1%

The firm has a 50 day moving average of GBX 0.07 and a two-hundred day moving average of GBX 0.08. The firm has a market capitalization of £1.57 million, a price-to-earnings ratio of -0.08 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 announced its quarterly earnings results on Wednesday, April 1st. The company reported GBX (0.05) EPS for the quarter. The firm had revenue of GBX 150 million during the quarter. As a group, sell-side analysts anticipate that Technology Minerals Plc will post 0.0442708 EPS 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.