Alba Mineral Resources (LON:ALBA) Stock Price Down 5.6% – Time to Sell?

Shares of Alba Mineral Resources plc (LON:ALBA) dropped 5.6% during trading on Wednesday . The company traded as low as GBX 0.02 and last traded at GBX 0.02. Approximately 531,957,563 shares traded hands during mid-day trading, an increase of 410% from the average daily volume of 104,246,250 shares. The stock had previously closed at GBX 0.02.

Alba Mineral Resources Stock Performance

The stock’s 50-day moving average price is GBX 0.02 and its 200 day moving average price is GBX 0.02. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.75 and a quick ratio of 3.70. The firm has a market cap of £2.51 million, a P/E ratio of -0.44 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.