Anglesey Mining (LON:AYM) Stock Passes Below 200 Day Moving Average – Should You Sell?

Anglesey Mining plc (LON:AYM) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 5.16 and traded as low as GBX 4.50. Anglesey Mining shares last traded at GBX 4.82, with a volume of 897,304 shares changing hands.

Anglesey Mining Stock Performance

The company’s fifty day simple moving average is GBX 5.76 and its 200 day simple moving average is GBX 5.16. The firm has a market capitalization of £3.12 million, a PE ratio of -4.82 and a beta of 1.26. The company has a debt-to-equity ratio of 31.33, a current ratio of 0.18 and a quick ratio of 4.11.

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.