Alba Mineral Resources (LON:ALBA) Trading Down 16.7% – Should You Sell?

Alba Mineral Resources plc (LON:ALBA)’s share price traded down 16.7% during trading on Thursday . The stock traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). 40,997,609 shares traded hands during mid-day trading, an increase of 44% from the average session volume of 28,497,709 shares. The stock had previously closed at GBX 0.02 ($0.00).

Alba Mineral Resources Trading Down 16.7 %

The company has a debt-to-equity ratio of 0.05, a current ratio of 0.75 and a quick ratio of 3.70. The firm’s 50-day simple moving average is GBX 0.02 and its 200 day simple moving average is GBX 0.03.

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.