Alba Mineral Resources (LON:ALBA) Stock Crosses Above 50-Day Moving Average – Should You Sell?

Alba Mineral Resources plc (LON:ALBA)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 0.02 ($0.00) and traded as high as GBX 0.02 ($0.00). Alba Mineral Resources shares last traded at GBX 0.02 ($0.00), with a volume of 236,837,641 shares.

Alba Mineral Resources Stock Down 8.3%

The stock’s fifty day moving average is GBX 0.02 and its two-hundred day moving average is GBX 0.02. The company has a current ratio of 0.75, a quick ratio of 3.70 and a debt-to-equity ratio of 0.05. The company has a market capitalization of £3.25 million, a PE ratio of -56.41 and a beta of 0.25.

Alba Mineral Resources Company Profile

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.