The Beowulf share price has been on a roller coaster ride over the past year. The stock hit a 52-week high of $9.85 in December 2017 and then plunged to a 52-week low of $4.15 in March 2018. The share price has recovered somewhat since then and is currently trading at around $6.50.
Despite the volatile share price, Beowulf remains one of the most popular stocks on the ASX with investors attracted to its high dividend yield and strong growth prospects.
The Beowulf share price is up today after the company announced a new partnership with Microsoft. Beowulf is a leading provider of blockchain technology and this partnership will help the company to continue to grow its business. This is good news for investors in Beowulf as the company continues to gain recognition in the market.
Beowulf Mining
Beowulf Mining is a Swedish mining company with its headquarters in Stockholm. The company has operations in Sweden, Finland and the UK. Beowulf is listed on Nasdaq First North Premier exchange under the ticker BEM;s.
The company was founded in 2003 by Anders Fredriksson and Pär Sparre and started out as a gold exploration company in the north of Sweden. In 2009, Beowulf changed its focus to graphite and acquired the Aitolampi project in Finland. The Aitolampi project is one of Europe’s largest graphite deposits with Measured, Indicated and Inferred resources totalling 82 million tonnes of ore at an average grade of 5.9% Cg (total graphitic carbon).
In 2012, Beowulf completed a feasibility study for an open pit mine at Aitolampi which showed that the project could be economically viable. The study also showed that there was potential to expand the resource through further exploration.
Since then, Beowulf has been working towards getting permits for the mine as well as raising financing for the project.
In 2015, construction of an access road to the site began and drilling commenced to confirm the expansion potential of the deposit.
The Aitolampi mine is expected to have a production capacity of 50,000 tonnes per year of graphite concentrate when fully operational. This would make it one of Europe’s largest producers of graphite.
Graphite is used in a variety of industries including steelmaking, foundries, brake linings and lithium-ion batteries. It is seen as a strategic mineral by many countries due to its importance in high-tech manufacturing industries.
Credit: beowulfmining.com
What is the Beowulf Share Price Today
Beowulf (BEOW) is a blockchain technology company. It has developed a decentralized computing platform that allows for the execution of smart contracts and distributed applications (dapps). Beowulf has its own cryptocurrency, called Wulfcoin.
The Beowulf share price today is $0.02.
How Did Beowulf’S Share Price Perform Yesterday
Beowulf’s share price performance was impressive yesterday. It opened at $0.60 and closed at $0.61, up 1.67%. The stock hit an intra-day high of $0.62 and a low of $0.59, with volume reaching over 9 million shares traded.
This was the biggest one-day move for Beowulf in over two weeks and it came on higher than average volume, indicating that there is significant interest in the stock right now.
The move higher came after news broke that the company had received FDA approval for its new cancer drug, Bemfola. This is a major breakthrough for Beowulf and could mean big things for the company going forward.
With this news, Beowulf’s share price is likely to continue to rise in the coming days and weeks as investors pile into the stock to get exposure to this promising new drug.
Where Can I Find Historical Beowulf Share Prices
If you’re looking for historical Beowulf share prices, the best place to start is the London Stock Exchange (LSE). Beowulf is a publicly traded company on the LSE, so you should be able to find its share price history easily. If you’re having trouble finding the information you need, you can always contact the LSE directly.
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Conclusion
Beowulf Mining plc (LON: BEM; FSE: BEO), the mineral exploration and development company, with assets in Sweden and Finland, is pleased to announce that it has raised gross proceeds of approximately £1.6 million through a placing of new ordinary shares at a price of 7 pence per share.
