Anglesey Mining (LON:AYM) Shares Down 8.3% – What’s Next?

Anglesey Mining plc (LON:AYM)’s stock price was down 8.3% during mid-day trading on Friday . The company traded as low as GBX 0.55 and last traded at GBX 0.55. Approximately 314,075 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 1,739,596 shares. The stock had previously closed at GBX 0.60.

Anglesey Mining Price Performance

The business’s 50 day simple moving average is GBX 0.53 and its 200-day simple moving average is GBX 0.54. The company has a debt-to-equity ratio of 27.02, a quick ratio of 4.11 and a current ratio of 0.67. The stock has a market capitalization of £153,930.35, a price-to-earnings ratio of -6.35 and a beta of 2.23.

Anglesey Mining (LON:AYM) last issued its quarterly earnings results on Monday, December 22nd. The mining company reported GBX (0.10) earnings per share (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.