Anglesey Mining (LON:AYM) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Anglesey Mining plc (LON:AYM)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 5.25 and traded as low as GBX 4.30. Anglesey Mining shares last traded at GBX 4.31, with a volume of 16,974 shares traded.

Anglesey Mining Trading Down 10.7%

The firm has a market capitalization of £2.79 million, a price-to-earnings ratio of -4.31 and a beta of 1.46. 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 firm’s 50-day moving average is GBX 5.27 and its 200 day moving average is GBX 5.25.

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.