Beowulf Mining Updates Share Capital and PDMR Holdings

Beowulf Mining ( (GB:BEM) ) has provided an announcement.

Beowulf Mining PLC announced its total issued share capital now consists of 59,657,866 ordinary shares, following recent acquisitions by persons discharging managerial responsibilities (PDMRs) and a capital raise. This update is significant for shareholders as it affects their calculations for notifying changes in shareholding interests under the FCA’s Disclosure and Transparency Rules.

Spark’s Take on GB:BEM Stock

According to Spark, TipRanks’ AI Analyst, GB:BEM is a Underperform.

Beowulf Mining’s overall stock score reflects significant financial challenges, including a lack of revenue and ongoing losses, which heavily weigh on the score. The bearish technical analysis further dampens the outlook. However, recent capital raises and project advancements offer some potential for future improvement. The stock remains a high-risk investment until financial stability is achieved.

To see Spark’s full report on GB:BEM stock, click here.

More about Beowulf Mining

Beowulf Mining PLC is a mineral exploration and development company. It focuses on identifying and developing mining opportunities, with its shares listed on AIM and Spotlight exchanges.

Average Trading Volume: 12,289

Technical Sentiment Signal: Strong Sell

Current Market Cap: £6.56M

Find detailed analytics on BEM stock on TipRanks’ Stock Analysis page.