Anglesey Mining (LON:AYM) Stock Price Down 6.7% – Time to Sell?

Anglesey Mining plc (LON:AYM)’s stock price dropped 6.7% on Tuesday . The company traded as low as GBX 4.55 and last traded at GBX 4.90. Approximately 363,111 shares traded hands during mid-day trading, an increase of 54% from the average daily volume of 236,275 shares. The stock had previously closed at GBX 5.25.

Anglesey Mining Stock Down 6.7%

The company has a market capitalization of £2.38 million, a price-to-earnings ratio of -4.90 and a beta of 1.26. The business’s 50-day moving average is GBX 6.12 and its 200-day moving average is GBX 5.13. The company has a quick ratio of 4.11, a current ratio of 0.18 and a debt-to-equity ratio of 31.33.

Anglesey Mining (LON:AYM) last posted its quarterly 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.