Technology Minerals (LON:TM1) Trading Down 18.1% – Here’s Why

Shares of Technology Minerals Plc (LON:TM1) dropped 18.1% on Thursday . The company traded as low as GBX 0.05 and last traded at GBX 0.06. Approximately 5,776,114 shares were traded during trading, a decline of 80% from the average daily volume of 29,434,600 shares. The stock had previously closed at GBX 0.07.

Technology Minerals Price Performance

The firm has a market cap of £1.82 million, a PE ratio of -0.10 and a beta of 0.60. The company has a quick ratio of 0.66, a current ratio of 0.06 and a debt-to-equity ratio of 13.13. The stock has a 50 day moving average price of GBX 0.08 and a two-hundred day moving average price of GBX 0.09.

Technology Minerals (LON:TM1) last issued its quarterly earnings results on Wednesday, April 1st. The company reported GBX (0.05) earnings per share for the quarter. The firm had revenue of GBX 150 million during the quarter. As a group, equities analysts expect that Technology Minerals Plc will post 0.0442708 earnings per share for the current 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.

Technology Minerals is focused on raw material exploration required for Li-ion batteries, whilst solving the ecological issue of spent Li-ion batteries, by recycling them for re-use by battery manufacturers.