Anglesey Mining (LON:AYM) Shares Down 11.8% – Here’s What Happened

Anglesey Mining plc (LON:AYM) traded down 11.8% during mid-day trading on Tuesday . The stock traded as low as GBX 0.75 ($0.01) and last traded at GBX 0.75 ($0.01). 698,535 shares were traded during mid-day trading, a decline of 6% from the average session volume of 744,823 shares. The stock had previously closed at GBX 0.85 ($0.01).

Anglesey Mining Stock Down 6.1%

The firm has a market cap of £3.93 million, a price-to-earnings ratio of -0.01 and a beta of 2.23. The stock has a 50-day moving average of GBX 0.86 and a 200-day moving average of GBX 0.82. The company has a current ratio of 0.67, a quick ratio of 4.11 and a debt-to-equity ratio of 27.02.

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.