Alien Metals (LON:UFO) Trading Down 17.6% – Here’s Why

Alien Metals Limited (LON:UFO)’s share price fell 17.6% on Friday . The company traded as low as GBX 0.07 ($0.00) and last traded at GBX 0.07 ($0.00). 44,281,609 shares changed hands during mid-day trading, an increase of 21% from the average session volume of 36,575,988 shares. The stock had previously closed at GBX 0.09 ($0.00).

Alien Metals Stock Down 17.6 %

The stock has a market capitalization of £5.26 million, a price-to-earnings ratio of -4.85 and a beta of 1.01. The company has a current ratio of 0.63, a quick ratio of 4.22 and a debt-to-equity ratio of 3.77. The firm’s 50 day simple moving average is GBX 0.07 and its 200-day simple moving average is GBX 0.09.

Alien Metals Company Profile

Alien Metals Ltd is a minerals exploration and development company in Western Australia. The company is currently developing its flagship Hancock Iron Ore Project, with the aim to produce DSO iron ore (direct shipping ore). By acquiring the Hancock Iron Ore Project, the Brockman Iron Ore Project and the Vivash Gorge Iron Ore Project, Alien Metals has turned all three projects into the Western Hancock Tenement and seeks to develop it with its 100% owned subsidiary the Iron Ore Company of Australia (IOCA).

Whilst also developing iron ore opportunities in Western Australia, the Company is also pursuing precious metals and platinum group metals opportunities by developing the Elizabeth Hill Silver Project and the Munni Munni PGM Project.