GreenX Metals (LON:GRX) Shares Down 2.5% - Should You Sell?

Key Points

• GreenX Metals Limited's shares fell by 2.5% on Thursday, trading at GBX 38.01 ($0.50) with a significant trading volume increase of 175% compared to its average daily volume.
• The company's market capitalization is approximately £219.99 million, with a negative P/E ratio of -48.16, indicating financial challenges.
• GreenX Metals is focused on exploration and evaluation of an arctic rift copper project in Greenland and has been operating as a subsidiary of BNP Paribas Nominees.

GreenX Metals Limited (LON:GRX - Get Free Report)'s share price was down 2.5% during mid-day trading on Thursday . The stock traded as low as GBX 38.01 ($0.51) and last traded at GBX 38.01 ($0.51). Approximately 79,166 shares traded hands during trading, an increase of 175% from the average daily volume of 28,821 shares. The stock had previously closed at GBX 39 ($0.52).

GreenX Metals Stock Performance

The business's fifty day moving average is GBX 36.35 and its two-hundred day moving average is GBX 38.62. The company has a quick ratio of 2.70, a current ratio of 4.14 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of £220.71 million, a PE ratio of -48.31 and a beta of 1.03.

About GreenX Metals

GreenX Metals Limited engages in the exploration for and evaluation of arctic rift copper project in Greenland. The company was incorporated in 1957 and is based in Perth, Australia. GreenX Metals Limited operates as a subsidiary of BNP Paribas Nominees PTY Ltd Acf Clearstream.