Alba Mineral Resources (LON:ALBA) Trading Up 5% – Still a Buy?

Alba Mineral Resources plc (LON:ALBAGet Free Report) rose 5% during trading on Thursday . The company traded as high as GBX 0.04 ($0.00) and last traded at GBX 0.04 ($0.00). Approximately 5,387,814 shares changed hands during trading, a decline of 75% from the average daily volume of 21,796,293 shares. The stock had previously closed at GBX 0.04 ($0.00).

Alba Mineral Resources Stock Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.70 and a current ratio of 0.75. The firm’s 50 day simple moving average is GBX 0.04 and its 200 day simple moving average is GBX 0.05.

About Alba Mineral Resources

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Alba Mineral Resources plc, together with its subsidiaries, engages in the exploration and development of natural resources. It primarily explores for gold, graphite, ilmenite, and iron ore deposits. The company owns 100% interests in the Clogau Gold, and the Gwynfynydd Gold Mine projects located in Wales; and the Thule Black Sands, the Amitsoq Graphite project, and the Melville Bay Iron project located in Greenland.

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