Anglesey Mining (LON:AYM) Trading 20.5% Higher – Time to Buy?

Anglesey Mining plc (LON:AYMGet Free Report) was up 20.5% during mid-day trading on Friday . The company traded as high as GBX 0.68 ($0.01) and last traded at GBX 0.68 ($0.01). Approximately 162,396 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 1,542,984 shares. The stock had previously closed at GBX 0.56 ($0.01).

Anglesey Mining Stock Up 2.7 %

The business has a 50 day simple moving average of GBX 0.81 and a 200 day simple moving average of GBX 0.99. The company has a market capitalization of £2.78 million, a price-to-earnings ratio of -9.50 and a beta of 2.23. The company has a debt-to-equity ratio of 27.02, a current ratio of 0.67 and a quick ratio of 4.11.

About Anglesey Mining

(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.

Further Reading

Receive News & Ratings for Anglesey Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anglesey Mining and related companies with MarketBeat.com's FREE daily email newsletter.