Mincon Group (LON:MCON) Shares Down 5% - Here's Why

Key Points

• Mincon Group plc shares fell 5% during trading, hitting a low of GBX 38 ($0.51), with trading volume increasing to 29,771 shares compared to the average of 19,669 shares.
• The company's market capitalization stands at £80.74 million, with a notably high P/E ratio of 1,853.66 and a debt-to-equity ratio of 25.34.
• Mincon Group specializes in rock drilling tools and associated products, providing a range of solutions across several global regions including Europe, Africa, and the Americas.

Shares of Mincon Group plc (LON:MCON - ) dropped 5% during trading on Thursday . The company traded as low as GBX 38 ($0.51) and last traded at GBX 38 ($0.51). Approximately 29,771 shares traded hands during trading, an increase of 51% from the average daily volume of 19,669 shares. The stock had previously closed at GBX 40 ($0.53).

Mincon Group Stock Performance

The stock's 50-day simple moving average is GBX 38.88 and its 200 day simple moving average is GBX 36.51. The stock has a market capitalization of £80.74 million, a P/E ratio of 1,853.66 and a beta of 0.20. The company has a debt-to-equity ratio of 25.34, a current ratio of 3.37 and a quick ratio of 1.07.

Mincon Group Company Profile

Mincon Group plc engages in the design, manufacture, sale, and servicing of rock drilling tools and associated products in Ireland, the Americas, Australasia, Europe, the Middle East, and Africa. The company offers drill rigs and mast attachments for excavators and skid steers; down the hole (DTH) hammers; DTH drill bits for various rock-drilling applications; rotary drill bits; and construction and geotechnical solutions, including foundation drilling, pipe pile-walls, fore poling, well drilling, and anchoring.

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