Anglesey Mining (LON:AYM) Stock Price Down 11.8% – Time to Sell?

Anglesey Mining plc (LON:AYM) traded down 11.8% on Friday . The stock traded as low as GBX 0.44 ($0.01) and last traded at GBX 0.44 ($0.01). 116,126 shares changed hands during trading, a decline of 87% from the average session volume of 908,350 shares. The stock had previously closed at GBX 0.50 ($0.01).

Anglesey Mining Trading Down 20.0%

The business’s 50-day moving average price is GBX 0.43 and its two-hundred day moving average price is GBX 0.68. The company has a market capitalization of £1.94 million, a P/E ratio of -2.00 and a beta of 2.23. 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 released its earnings results on Wednesday, October 1st. The mining company reported GBX (0.10) EPS 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.