Anglesey Mining (LON:AYM) Stock Price Down 17.2% – Should You Sell?

Anglesey Mining plc (LON:AYM)’s share price dropped 17.2% during mid-day trading on Tuesday . The stock traded as low as GBX 0.22 and last traded at GBX 0.23. Approximately 1,733,005 shares traded hands during mid-day trading, an increase of 48% from the average daily volume of 1,167,606 shares. The stock had previously closed at GBX 0.28.

Anglesey Mining Stock Performance

The company has a market cap of £55,996.71, a P/E ratio of -2.31 and a beta of 2.23. 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 firm’s fifty day moving average price is GBX 0.37 and its 200-day moving average price is GBX 0.61.

Anglesey Mining (LON:AYM) last released its quarterly earnings data on Wednesday, October 1st. The mining company reported GBX (0.10) earnings per share (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.