Anglesey Mining (LON:AYM) Trading 11.1% Higher – Time to Buy?

Anglesey Mining plc (LON:AYM)’s stock price shot up 11.1% on Thursday . The company traded as high as GBX 0.50 ($0.01) and last traded at GBX 0.50 ($0.01). 104,509 shares traded hands during trading, a decline of 89% from the average session volume of 909,258 shares. The stock had previously closed at GBX 0.45 ($0.01).

Anglesey Mining Trading Down 2.7%

The company has a current ratio of 0.67, a quick ratio of 4.11 and a debt-to-equity ratio of 27.02. The stock has a market cap of £2.12 million, a P/E ratio of -2.19 and a beta of 2.23. The firm’s 50-day simple moving average is GBX 0.44 and its 200 day simple moving average is GBX 0.69.

Anglesey Mining (LON:AYM) last posted its earnings results on Wednesday, October 1st. The mining company reported GBX (0.10) EPS for the quarter.

Anglesey Mining Company Profile

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.