First Equity restated their buy rating on shares of Alien Metals (LON:UFO) in a research note released on Wednesday, December 11th, ThisIsMoney.Co.Uk reports.
Shares of UFO remained flat at $GBX 0.20 ($0.00) during midday trading on Wednesday. The stock had a trading volume of 1,365,725 shares. The firm has a 50-day moving average of GBX 0.18. Alien Metals has a 1-year low of GBX 0.01 ($0.00) and a 1-year high of GBX 0.43 ($0.01). The firm has a market cap of $2.64 million and a price-to-earnings ratio of -1.95.
Alien Metals Limited, together with its subsidiaries, engages in the acquisition and development of mineral resource assets in Mexico. The company primarily explores for lithium and silver deposits. Its principal projects include the San Celso project covering an area of 88 hectares located in the mining district of Pánfilo Natera-Ojocaliente; and the Los Campos project comprising 4 concessions covering an area of approximately 500 hectares located in the city of Zacatecas.