Alba Mineral Resources (LON:ALBA) Trading Down 15% – Here’s Why

Alba Mineral Resources plc (LON:ALBA) shares dropped 15% during trading on Monday . The company traded as low as GBX 0.02 and last traded at GBX 0.02. Approximately 150,395,875 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 262,589,031 shares. The stock had previously closed at GBX 0.02.

Alba Mineral Resources Stock Down 10.0%

The firm has a 50-day moving average price of GBX 0.02 and a two-hundred day moving average price of GBX 0.02. The firm has a market cap of £3.89 million, a price-to-earnings ratio of -0.46 and a beta of 0.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.70 and a current ratio of 0.75.

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.