Beowulf Mining (LON:BEM) Shares Down 26.5% – What’s Next?

Shares of Beowulf Mining plc (LON:BEM) traded down 26.5% on Thursday . The stock traded as low as GBX 16 ($0.21) and last traded at GBX 18 ($0.24). 99,810 shares changed hands during trading, an increase of 492% from the average session volume of 16,853 shares. The stock had previously closed at GBX 24.50 ($0.33).

Beowulf Mining Trading Down 4.3 %

The company’s 50 day simple moving average is GBX 24.65 and its two-hundred day simple moving average is GBX 15.88. The company has a market cap of £7.96 million, a PE ratio of -292.86 and a beta of 0.63. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.66 and a quick ratio of 1.47.

Insider Buying and Selling

In other news, insider Ed Bowie bought 18,831 shares of the business’s stock in a transaction on Friday, July 19th. The shares were bought at an average price of GBX 26 ($0.35) per share, with a total value of £4,896.06 ($6,549.04). 2.07% of the stock is currently owned by corporate insiders.

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.