Anglesey Mining (LON:AYM) Stock Price Down 21.2% – What’s Next?

Shares of Anglesey Mining plc (LON:AYM) dropped 21.2% on Monday . The stock traded as low as GBX 0.65 and last traded at GBX 0.65. Approximately 2,383,600 shares traded hands during mid-day trading, an increase of 1% from the average daily volume of 2,370,356 shares. The stock had previously closed at GBX 0.83.

Anglesey Mining Stock Up 2.6%

The stock has a market cap of £161,687.47, a price-to-earnings ratio of -6.67 and a beta of 2.23. The business has a fifty day moving average of GBX 0.42 and a 200 day moving average of GBX 0.56. The company has a debt-to-equity ratio of 27.02, a current ratio of 0.67 and a quick ratio of 4.11.

Anglesey Mining (LON:AYM) last announced its earnings results on Wednesday, October 1st. The mining company reported GBX (0.10) earnings per share for the quarter.

About Anglesey Mining

Anglesey Mining plc is a UK company engaged in the development of owned and managed mining projects.

Parys Mountain: 100% ownership of the Parys Mountain underground copper-zinc-lead-silver-gold deposit in North Wales, UK where an independent Preliminary Economic Assessment dated January 2021 included a financial model for a 3,000 tpd mining operation with a pre-tax NPV10% of US$120 million, (£96 million), 26% IRR and 12-year mine life.

Grängesberg: 49.75% interest in the Grängesberg iron ore project in Sweden where Anglesey has management rights.