Ironveld (LON:IRON) Reaches New 12-Month Low – Should You Sell?

Ironveld Plc (LON:IRON) reached a new 52-week low on Thursday. The company traded as low as GBX 0.01 and last traded at GBX 0.01, with a volume of 70,665,695 shares trading hands. The stock had previously closed at GBX 0.01.

Ironveld Price Performance

The stock has a 50-day moving average of GBX 0.02 and a 200-day moving average of GBX 0.03. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.29. The firm has a market cap of £1.66 million, a price-to-earnings ratio of -2.00 and a beta of 0.84.

Ironveld Company Profile

Ironveld is a speciality metals producer based in Southern Africa that seeks to maximise revenues from the metals it produces by its Mining division and processing them at its Rustenburg smelter, operated by its Smelting division, and producing specialist high purity iron powders as well as Vanadium slag and Titanium slag, all critical for the green energy transition.