Alba Mineral Resources (LON:ALBA) Stock Price Down 11.1% – Time to Sell?

Alba Mineral Resources plc (LON:ALBA)’s stock price fell 11.1% on Wednesday . The company traded as low as GBX 0.02 and last traded at GBX 0.02. 465,144,531 shares were traded during mid-day trading, an increase of 348% from the average session volume of 103,935,492 shares. The stock had previously closed at GBX 0.02.

Alba Mineral Resources Price Performance

The firm’s 50 day moving average is GBX 0.02 and its 200-day moving average is GBX 0.02. The firm has a market cap of £2.51 million, a PE ratio of -0.44 and a beta of 0.25. The company has a quick ratio of 3.70, a current ratio of 0.75 and a debt-to-equity ratio of 0.05.

About Alba Mineral Resources

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.