Alba Mineral Resources (LON:ALBA) Trading 5.6% Higher – Time to Buy?

Alba Mineral Resources plc (LON:ALBA) traded up 5.6% during trading on Friday . The stock traded as high as GBX 0.02 and last traded at GBX 0.02. 209,995,859 shares were traded during trading, a decline of 16% from the average session volume of 249,793,375 shares. The stock had previously closed at GBX 0.02.

Alba Mineral Resources Price Performance

The stock’s fifty day moving average is GBX 0.02 and its 200-day moving average is GBX 0.02. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.75 and a quick ratio of 3.70. The stock has a market cap of £4.32 million, a PE ratio of -0.51 and a beta of 0.25.

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.