Alba Mineral Resources (LON:ALBA) Stock Price Up 12.5% – Time to Buy?

Alba Mineral Resources plc (LON:ALBA) shares rose 12.5% during trading on Friday . The company traded as high as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 43,417,832 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 68,399,891 shares. The stock had previously closed at GBX 0.02 ($0.00).

Alba Mineral Resources Price Performance

The stock has a market capitalization of £2.51 million, a P/E ratio of -43.59 and a beta of 0.25. 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 stock has a 50-day simple moving average of GBX 0.02 and a 200 day simple moving average of GBX 0.02.

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.