Anglesey Mining (LON:AYM) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Shares of Anglesey Mining plc (LON:AYM) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 0.95 ($0.01) and traded as low as GBX 0.65 ($0.01). Anglesey Mining shares last traded at GBX 0.85 ($0.01), with a volume of 2,198,452 shares.

Anglesey Mining Trading Up 27.4 %

The business’s 50-day simple moving average is GBX 0.74 and its two-hundred day simple moving average is GBX 0.95. 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 £4.11 million, a PE ratio of -9.50 and a beta of 2.23.

Anglesey Mining (LON:AYM) last issued its quarterly earnings results on Wednesday, December 18th. The mining company reported GBX (0.10) ($0.00) EPS for the quarter.

About Anglesey Mining

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.