GreenX Metals (LON:GRX) Trading Up 12.8% - Still a Buy?

Key Points

• GreenX Metals Ltd shares rose by 12.8% on Friday, reaching a high of GBX 43.60 ($0.58), significantly increasing trading volume by 194% compared to the average.
• The company's financial metrics include a current ratio of 4.14 and a debt-to-equity ratio of 2.00, though it currently reports a negative PE ratio of -18.88.
• GreenX Metals is focused on the exploration and evaluation of a copper project in Greenland and is based in Perth, Australia, operating under the BNPP Nominees PTY Ltd.

Shares of GreenX Metals Limited (LON:GRX - ) were up 12.8% on Friday . The stock traded as high as GBX 43.60 ($0.58) and last traded at GBX 42.85 ($0.57). Approximately 87,831 shares traded hands during trading, an increase of 194% from the average daily volume of 29,851 shares. The stock had previously closed at GBX 38 ($0.51).

GreenX Metals Trading Down 2.7%

The company has a current ratio of 4.14, a quick ratio of 2.70 and a debt-to-equity ratio of 2.00. The firm has a fifty day simple moving average of GBX 37.22 and a two-hundred day simple moving average of GBX 37.47. The firm has a market cap of £115.98 million, a PE ratio of -18.88 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.

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