ADM Energy (LON:ADME) Trading Down 20% – Here’s What Happened

ADM Energy plc (LON:ADME)’s share price fell 20% during mid-day trading on Wednesday . The company traded as low as GBX 0.17 ($0.00) and last traded at GBX 0.20 ($0.00). 34,808,637 shares traded hands during mid-day trading, an increase of 6,570% from the average session volume of 521,860 shares. The stock had previously closed at GBX 0.25 ($0.00).

ADM Energy Stock Performance

The business’s 50-day moving average price is GBX 0.20 and its 200-day moving average price is GBX 0.36. The company has a current ratio of 0.01, a quick ratio of 0.16 and a debt-to-equity ratio of -23.88. The stock has a market cap of £1.26 million, a PE ratio of -0.24 and a beta of 1.01.

ADM Energy (LON:ADME) last released its earnings results on Tuesday, December 31st. The company reported GBX (0.10) ($0.00) earnings per share for the quarter. ADM Energy had a negative return on equity of 69.57% and a negative net margin of 320.54%. As a group, equities research analysts expect that ADM Energy plc will post -69.9999984 earnings per share for the current fiscal year.

About ADM Energy

ADM Energy plc operates as a natural resource investment company. The company has interests in OML 113, an offshore license that covers an area of 835 square kilometers; and OML 141, an oil mining license covering an area of 1,295 square kilometers located in Nigeria. It also invests in metals, minerals, and oil and gas projects.