Anglesey Mining (LON:AYM) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Anglesey Mining plc (LON:AYM) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 5.20 and traded as low as GBX 4.50. Anglesey Mining shares last traded at GBX 4.69, with a volume of 15,911 shares trading hands.

Anglesey Mining Trading Up 0.8%

The stock has a fifty day moving average of GBX 5.53 and a 200 day moving average of GBX 5.20. The company has a market capitalization of £3.04 million, a PE ratio of -4.69 and a beta of 1.46. The company has a debt-to-equity ratio of 31.33, a quick ratio of 4.11 and a current ratio of 0.18.

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.