Alien Metals (LON:UFO) Trading 29.2% Higher – What’s Next?

Alien Metals Limited (LON:UFO)’s share price rose 29.2% during trading on Tuesday . The company traded as high as GBX 0.08 ($0.00) and last traded at GBX 0.08 ($0.00). Approximately 136,238,203 shares were traded during trading, an increase of 416% from the average daily volume of 26,400,316 shares. The stock had previously closed at GBX 0.07 ($0.00).

Alien Metals Trading Down 3.0 %

The company has a market capitalization of £7.28 million, a price-to-earnings ratio of -4.85 and a beta of 1.01. The company has a current ratio of 0.63, a quick ratio of 4.22 and a debt-to-equity ratio of 3.77. The business’s 50 day moving average price is GBX 0.07 and its two-hundred day moving average price is GBX 0.09.

Alien Metals Company Profile

Alien Metals Ltd is a minerals exploration and development company in Western Australia. The company is currently developing its flagship Hancock Iron Ore Project, with the aim to produce DSO iron ore (direct shipping ore). By acquiring the Hancock Iron Ore Project, the Brockman Iron Ore Project and the Vivash Gorge Iron Ore Project, Alien Metals has turned all three projects into the Western Hancock Tenement and seeks to develop it with its 100% owned subsidiary the Iron Ore Company of Australia (IOCA).

Whilst also developing iron ore opportunities in Western Australia, the Company is also pursuing precious metals and platinum group metals opportunities by developing the Elizabeth Hill Silver Project and the Munni Munni PGM Project.