Alba Mineral Resources (LON:ALBA) Trading 36.8% Higher – Still a Buy?

Alba Mineral Resources plc (LON:ALBA) was up 36.8% on Thursday . The company traded as high as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). Approximately 350,509,563 shares traded hands during trading, an increase of 421% from the average daily volume of 67,220,711 shares. The stock had previously closed at GBX 0.02 ($0.00).

Alba Mineral Resources Trading Up 63.2 %

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 firm has a fifty day simple moving average of GBX 0.02 and a 200-day simple moving average of GBX 0.03.

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.