Beowulf Mining (LON:BEM) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Shares of Beowulf Mining plc (LON:BEM) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 21.67 ($0.27) and traded as low as GBX 15.02 ($0.18). Beowulf Mining shares last traded at GBX 16.70 ($0.21), with a volume of 7,386 shares.

Beowulf Mining Stock Down 6.1 %

The stock has a market cap of £5.83 million, a P/E ratio of -214.57 and a beta of 0.63. The company has a current ratio of 5.66, a quick ratio of 1.47 and a debt-to-equity ratio of 0.26. The stock’s 50-day moving average is GBX 16.25 and its 200-day moving average is GBX 21.42.

Beowulf Mining (LON:BEM) last issued its quarterly earnings results on Friday, November 29th. The company reported GBX (1.05) (($0.01)) earnings per share for the quarter.

Beowulf Mining Company Profile

Beowulf Mining plc engages in the acquisition, exploration, and evaluation of natural resource assets in Sweden, Finland, and Kosovo. The company explores for iron ore, base precious metals, lead, zinc, gold, copper, silver, graphite, and other mineral properties. Its projects include the Kallak iron ore located in Norrbotten County, Northern Sweden; Atvidaberg exploration license that comprises 12,533 hectares, which cover an area of 225 square kilometers situated in the Bergslagen area, southern Sweden; and Pitkajarvi and Aitolampi graphite prospects covers an area of 407 hectares, which are located in Eastern Finland.