Technology Minerals (LON:TM1) Shares Down 9.6% – Should You Sell?

Shares of Technology Minerals Plc (LON:TM1) dropped 9.6% on Wednesday . The stock traded as low as GBX 0.11 ($0.00) and last traded at GBX 0.11 ($0.00). Approximately 20,666,123 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 62,551,082 shares. The stock had previously closed at GBX 0.13 ($0.00).

Technology Minerals Stock Performance

The company has a current ratio of 0.06, a quick ratio of 0.66 and a debt-to-equity ratio of 13.13. The business has a fifty day moving average price of GBX 0.14 and a 200-day moving average price of GBX 0.16.

Technology Minerals (LON:TM1) last announced its quarterly earnings results on Tuesday, December 10th. The company reported GBX (0.30) ($0.00) earnings per share (EPS) for the quarter. On average, research analysts predict that Technology Minerals Plc will post 0.0442708 earnings per share for the current fiscal year.

About Technology Minerals

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.