Alba Mineral Resources (LON:ALBA) Stock Price Up 12.5% – Still a Buy?

Shares of Alba Mineral Resources plc (LON:ALBA) rose 12.5% on Tuesday . The company traded as high as GBX 0.03 and last traded at GBX 0.03. Approximately 33,555,863 shares were traded during trading, a decline of 84% from the average daily volume of 211,627,297 shares. The stock had previously closed at GBX 0.02.

Alba Mineral Resources Stock Performance

The firm has a fifty day moving average of GBX 0.02 and a 200-day moving average of GBX 0.02. The company has a quick ratio of 3.70, a current ratio of 0.75 and a debt-to-equity ratio of 0.05. The firm has a market cap of £5.83 million, a P/E ratio of -0.69 and a beta of 0.25.

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.