Alba Mineral Resources (LON:ALBA) Trading Up 20% – Should You Buy?

Alba Mineral Resources plc (LON:ALBA) was up 20% on Wednesday . The stock traded as high as GBX 0.02 and last traded at GBX 0.02. Approximately 141,150,328 shares were traded during mid-day trading, a decline of 14% from the average daily volume of 164,484,141 shares. The stock had previously closed at GBX 0.02.

Alba Mineral Resources Stock Performance

The stock’s 50-day moving average is GBX 0.01 and its 200-day moving average is GBX 0.02. 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 stock has a market cap of £3.57 million, a price-to-earnings ratio of -0.46 and a beta of 0.25.

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.