Anglesey Mining (LON:AYM) Stock Price Up 13.8% – Should You Buy?

Anglesey Mining plc (LON:AYM) rose 13.8% during mid-day trading on Wednesday . The company traded as high as GBX 0.74 and last traded at GBX 0.74. Approximately 2,971,786 shares changed hands during trading, an increase of 25% from the average daily volume of 2,380,802 shares. The stock had previously closed at GBX 0.65.

Anglesey Mining Stock Performance

The firm’s fifty day simple moving average is GBX 0.43 and its 200 day simple moving average is GBX 0.57. The company has a market capitalization of £169,202.18, a PE ratio of -6.98 and a beta of 2.23. The company has a debt-to-equity ratio of 27.02, a current ratio of 0.67 and a quick ratio of 4.11.

Anglesey Mining (LON:AYM) last issued its quarterly earnings data on Wednesday, October 1st. The mining company reported GBX (0.10) earnings per share (EPS) for the quarter.

Anglesey Mining Company Profile

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.