Anglesey Mining (LON:AYM) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Anglesey Mining plc (LON:AYM) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 0.83 ($0.01) and traded as low as GBX 0.80 ($0.01). Anglesey Mining shares last traded at GBX 0.87 ($0.01), with a volume of 6,496 shares traded.

Anglesey Mining Trading Up 2.1 %

The company has a current ratio of 0.67, a quick ratio of 4.11 and a debt-to-equity ratio of 27.02. The stock has a market capitalization of £4.43 million, a price-to-earnings ratio of -0.01 and a beta of 2.23. The business has a 50 day simple moving average of GBX 0.87 and a 200-day simple moving average of GBX 0.83.

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.