Anglesey Mining (LON:AYM) Trading Up 16.7% – Should You Buy?

Anglesey Mining plc (LON:AYM) shares were up 16.7% during trading on Tuesday . The stock traded as high as GBX 0.35 ($0.00) and last traded at GBX 0.35 ($0.00). Approximately 12,604,322 shares were traded during mid-day trading, an increase of 1,237% from the average daily volume of 942,738 shares. The stock had previously closed at GBX 0.30 ($0.00).

Anglesey Mining Stock Performance

The company’s fifty day moving average is GBX 0.54 and its 200 day moving average is GBX 0.73. 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 company has a market capitalization of £1.45 million, a P/E ratio of -150.00 and a beta of 2.23.

Anglesey Mining (LON:AYM) last posted its quarterly 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.