Alba Mineral Resources (LON:ALBA) Trading 9.1% Higher – Time to Buy?

Alba Mineral Resources plc (LON:ALBA) shares shot up 9.1% during trading on Monday . The stock traded as high as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00). 44,602,563 shares were traded during mid-day trading, a decline of 11% from the average session volume of 50,077,426 shares. The stock had previously closed at GBX 0.01 ($0.00).

Alba Mineral Resources Price Performance

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 stock’s 50 day moving average price is GBX 0.02 and its 200 day moving average price is GBX 0.03.

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.