Alba Mineral Resources (LON:ALBA) Trading 5.3% Higher – Time to Buy?

by · The Markets Daily

Shares of Alba Mineral Resources plc (LON:ALBA – Get Free Report) rose 5.3% during mid-day trading on Wednesday . The company traded as high as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 87,766,016 shares were traded during mid-day trading, an increase of 33% from the average daily volume of 66,011,055 shares. The stock had previously closed at GBX 0.02 ($0.00).

Alba Mineral Resources Price Performance

The stock has a 50 day moving average price of GBX 0.02 and a 200 day moving average price of GBX 0.02. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.75 and a quick ratio of 3.70.

Alba Mineral Resources Company Profile

(Get Free Report)

Alba is focused on extracting unexploited value from previously mined/drilled projects, favouring assets in transparent, low-sovereign risk countries offering near-term production opportunities.

To this end, it has a diversified portfolio of unique gold assets in the UK including:
Clogau-St David’s Gold Mine, Wales
Dolgellau Gold Exploration Project, Wales
Gwynfynydd Gold Mine, Wales

Alba also holds funding-risk-free investments in two companies: GreenRoc Mining plc, a listed vehicle fast-tracking the development of its advanced graphite and ilmenite projects in Greenland; and Horse Hill Developments Ltd, a UK-based oil producer.

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