Terracom (ASX:TER) Trading Down 5.6%

Terracom Ltd (ASX:TER)’s stock price traded down 5.6% during mid-day trading on Thursday . The company traded as low as A$0.41 ($0.29) and last traded at A$0.42 ($0.30), 69,500 shares were traded during mid-day trading. A decline of 55% from the average session volume of 155,593 shares. The stock had previously closed at A$0.45 ($0.32).

The business has a 50 day simple moving average of A$0.44 and a 200-day simple moving average of A$0.54. The company has a current ratio of 0.78, a quick ratio of 0.63 and a debt-to-equity ratio of 313.41. The stock has a market capitalization of $191.53 million and a price-to-earnings ratio of -14.64.

About Terracom (ASX:TER)

TerraCom Limited engages in the exploration, extraction, and production of coal in Australia and Mongolia. It explores for hard coking, thermal, and PCI coal. The company primarily focuses on the Northern Galilee project comprising the Hughenden, the Clyde Park coal, and the Pentland projects that are located in the Galilee Basin, Queensland; and the Springsure project, which consists of 11 sub-blocks with a total surface area of approximately 41.42 square kilometers that is located in the Central-Western Bowen basin coal mining district, Queensland.

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