Anglesey Mining (LON:AYM) Trading Up 15.4% – Here’s Why

Shares of Anglesey Mining plc (LON:AYMGet Free Report) were up 15.4% on Monday . The stock traded as high as GBX 4.80 and last traded at GBX 4.80. Approximately 1,670,224 shares were traded during mid-day trading, an increase of 611% from the average daily volume of 234,911 shares. The stock had previously closed at GBX 4.16.

Anglesey Mining Stock Performance

The company has a debt-to-equity ratio of 31.33, a current ratio of 0.18 and a quick ratio of 4.11. The firm has a market capitalization of £3.12 million, a P/E ratio of -4.82 and a beta of 1.46. The stock’s 50 day moving average is GBX 4.55 and its two-hundred day moving average is GBX 5.34.

Anglesey Mining Company Profile

(Get Free Report)

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.

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