Anglesey Mining (LON:AYM) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Anglesey Mining plc (LON:AYM)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 5.09 and traded as low as GBX 5. Anglesey Mining shares last traded at GBX 5.65, with a volume of 262,171 shares changing hands.

Anglesey Mining Trading Up 2.6%

The company has a current ratio of 0.18, a quick ratio of 4.11 and a debt-to-equity ratio of 31.33. The stock has a market cap of £2.74 million, a P/E ratio of -5.65 and a beta of 1.26. The firm’s 50-day simple moving average is GBX 6.36 and its 200 day simple moving average is GBX 5.09.

Anglesey Mining (LON:AYM) last released its quarterly earnings results on Monday, December 22nd. The mining company reported GBX (1) 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.