Alba Mineral Resources (LON:ALBA) Shares Down 15% – What’s Next?

Alba Mineral Resources plc (LON:ALBA) traded down 15% during trading on Tuesday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). 68,843,875 shares traded hands during trading, an increase of 123% from the average session volume of 30,915,426 shares. The stock had previously closed at GBX 0.02 ($0.00).

Alba Mineral Resources Stock Performance

The company has a current ratio of 0.75, a quick ratio of 3.70 and a debt-to-equity ratio of 0.05. The business’s 50-day simple moving average is GBX 0.02 and its 200 day simple moving average is GBX 0.03.

Alba Mineral Resources Company Profile

Alba is focused on extracting unexploited value from previously mined/drilled projects, favouring assets in transparent, low-sovereign risk countries offering near-term production opportunities.

To this end, it has a diversified portfolio of unique gold assets in the UK including:
Clogau-St David’s Gold Mine, Wales
Dolgellau Gold Exploration Project, Wales
Gwynfynydd Gold Mine, Wales

Alba also holds funding-risk-free investments in two companies: GreenRoc Mining plc, a listed vehicle fast-tracking the development of its advanced graphite and ilmenite projects in Greenland; and Horse Hill Developments Ltd, a UK-based oil producer.