Beowulf Mining (LON:BEM) Stock Passes Below 200 Day Moving Average – Should You Sell?

Beowulf Mining plc (LON:BEM)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 22.65 ($0.28) and traded as low as GBX 15.02 ($0.18). Beowulf Mining shares last traded at GBX 16.70 ($0.20), with a volume of 18,462 shares.

Beowulf Mining Stock Performance

The company has a market capitalization of £6.49 million, a P/E ratio of -238.57 and a beta of 0.63. The stock’s fifty day moving average price is GBX 16.73 and its 200-day moving average price is GBX 22.53. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.47 and a current ratio of 5.66.

About Beowulf Mining

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.