Alba Mineral Resources (LON:ALBA) Stock Price Down 11.1% – Here’s What Happened

Alba Mineral Resources plc (LON:ALBA) shares traded down 11.1% during trading on Wednesday . The company traded as low as GBX 0.02 and last traded at GBX 0.02. 465,144,531 shares changed hands during trading, an increase of 348% from the average session volume of 103,935,492 shares. The stock had previously closed at GBX 0.02.

Alba Mineral Resources Price Performance

The business has a 50-day simple moving average of GBX 0.02 and a 200 day simple moving average of GBX 0.02. The firm has a market cap of £2.36 million, a P/E ratio of -0.41 and a beta of 0.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.70 and a current ratio of 0.75.

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.