Neometals Ltd (LON:NMT – Get Free Report) shares shot up 9.1% during trading on Friday . The stock traded as high as GBX 3 ($0.04) and last traded at GBX 3 ($0.04). Approximately 160,000 shares traded hands during trading, an increase of 99% from the average session volume of 80,238 shares. The stock had previously closed at GBX 2.75 ($0.03).
Neometals Stock Up 9.1 %
The business has a 50-day simple moving average of GBX 4.39 and a two-hundred day simple moving average of GBX 4.58. The company has a market capitalization of £20.70 million, a price-to-earnings ratio of -100.00 and a beta of 1.44. The company has a debt-to-equity ratio of 11.27, a quick ratio of 17.13 and a current ratio of 18.83.
About Neometals
Neometals Ltd explores for mineral projects in Australia. The company operates through three segments: Lithium, Titanium/Vanadium, and Other. Its projects include the Lithium-ion Battery Recycling project provides recycling service of batteries; Vanadium Recovery project, which recovers vanadium pentoxide through processing of steelmaking by-products; Lithium Refinery project; and Barrambie Titanium and Vanadium project located in Western Australia.
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