Anglesey Mining (LON:AYM) Stock Price Up 17.2% – Should You Buy?

Anglesey Mining plc (LON:AYM) shares rose 17.2% during trading on Wednesday . The company traded as high as GBX 8.50 and last traded at GBX 8.50. Approximately 143,907 shares traded hands during trading, a decline of 33% from the average daily volume of 216,218 shares. The stock had previously closed at GBX 7.25.

Anglesey Mining Stock Down 1.1%

The firm has a market capitalization of £1.74 million, a price-to-earnings ratio of -71.67 and a beta of 2.23. The company has a debt-to-equity ratio of 31.33, a current ratio of 0.18 and a quick ratio of 4.11. The business has a fifty day moving average price of GBX 6.37 and a two-hundred day moving average price of GBX 5.04.

Anglesey Mining (LON:AYM) last released its earnings results on Monday, December 22nd. The mining company reported GBX (1) EPS for the quarter.

About Anglesey Mining

Anglesey Mining plc is a UK company engaged in the development of owned and managed mining projects.

Parys Mountain: 100% ownership of the Parys Mountain underground copper-zinc-lead-silver-gold deposit in North Wales, UK where an independent Preliminary Economic Assessment dated January 2021 included a financial model for a 3,000 tpd mining operation with a pre-tax NPV10% of US$120 million, (£96 million), 26% IRR and 12-year mine life.

Grängesberg: 49.75% interest in the Grängesberg iron ore project in Sweden where Anglesey has management rights.