Alba Mineral Resources (LON:ALBA) Trading Down 4.5% – Should You Sell?

Alba Mineral Resources plc (LON:ALBA) shares fell 4.5% during mid-day trading on Monday . The stock traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). 71,822,039 shares were traded during trading, a decline of 23% from the average session volume of 93,700,813 shares. The stock had previously closed at GBX 0.02 ($0.00).

Alba Mineral Resources Stock Down 4.5%

The company has a quick ratio of 3.70, a current ratio of 0.75 and a debt-to-equity ratio of 0.05. The firm has a market cap of £3.10 million, a PE ratio of -0.54 and a beta of 0.25. The firm’s 50 day moving average is GBX 0.02 and its 200-day moving average is GBX 0.02.

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.