Technology Minerals (LON:TM1) Reaches New 1-Year Low – Here’s What Happened
by Danessa Lincoln · The Markets DailyTechnology Minerals Plc (LON:TM1 – Get Free Report) shares reached a new 52-week low on Tuesday . The company traded as low as GBX 0.05 and last traded at GBX 0.05, with a volume of 1419426 shares traded. The stock had previously closed at GBX 0.05.
Technology Minerals Stock Performance
The firm has a fifty day moving average of GBX 0.06 and a 200-day moving average of GBX 0.08. The stock has a market capitalization of £1.51 million, a price-to-earnings ratio of -0.08 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.
Technology Minerals Company Profile
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.