Alien Metals (LON:UFO) Shares Down 14.7% – Here’s Why

Shares of Alien Metals Limited (LON:UFOGet Free Report) were down 14.7% on Thursday . The company traded as low as GBX 0.08 and last traded at GBX 0.08. 47,245,211 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 87,455,016 shares. The stock had previously closed at GBX 0.10.

Alien Metals Price Performance

The company has a debt-to-equity ratio of 3.77, a quick ratio of 4.22 and a current ratio of 0.63. The company has a 50-day moving average price of GBX 0.12 and a 200-day moving average price of GBX 0.13. The firm has a market capitalization of £10.55 million, a P/E ratio of -11.11 and a beta of 1.01.

About Alien Metals

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Alien Metals Ltd is a mining exploration and development company listed on the AIM market of the London Stock Exchange (AIM: UFO). The Company follows a balanced strategy of advancing and strengthening its asset portfolio through targeted technical work and project development, while evaluating partnerships, joint ventures, and selective monetisation opportunities that are value-enhancing for shareholders. At the same time, Alien will continue to consider opportunities to expand our asset base through carefully selected acquisition opportunities which meet the Board’s prudent criteria.
Alien’s principal focus is the advancement and development of its 90%-owned Hancock Iron Ore Project in the central Pilbara region of Western Australia.

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