Anglesey Mining (LON:AYM) Shares Pass Above 200 Day Moving Average – What’s Next?

Anglesey Mining plc (LON:AYM) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 0.90 ($0.01) and traded as high as GBX 0.90 ($0.01). Anglesey Mining shares last traded at GBX 0.86 ($0.01), with a volume of 247,953 shares.

Anglesey Mining Price Performance

The firm has a market cap of £4.39 million, a PE ratio of -0.01 and a beta of 2.23. The firm’s fifty day simple moving average is GBX 0.79 and its two-hundred day simple moving average is GBX 0.90. The company has a quick ratio of 4.11, a current ratio of 0.67 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.