Alba Mineral Resources (LON:ALBA) Trading Down 5.6% – Here’s What Happened

Alba Mineral Resources plc (LON:ALBA)’s stock price fell 5.6% during trading on Thursday . The stock traded as low as GBX 0.02 and last traded at GBX 0.02. 962,957,563 shares were traded during trading, an increase of 806% from the average session volume of 106,250,906 shares. The stock had previously closed at GBX 0.02.

Alba Mineral Resources Stock Performance

The firm’s 50 day moving average is GBX 0.02 and its 200 day moving average is GBX 0.02. The company has a market cap of £2.51 million, a PE ratio of -0.44 and a beta of 0.25. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.75 and a quick ratio of 3.70.

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.