Beowulf Mining (LON:BEM) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Beowulf Mining plc (LON:BEM)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 10.34 and traded as low as GBX 9.02. Beowulf Mining shares last traded at GBX 9.02, with a volume of 123,455 shares traded.

Beowulf Mining Stock Down 8.5%

The stock’s fifty day simple moving average is GBX 10.58 and its two-hundred day simple moving average is GBX 10.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.73 and a quick ratio of 1.47. The company has a market capitalization of £5.38 million, a price-to-earnings ratio of -2.85 and a beta of 0.63.

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.