Anglesey Mining (LON:AYM) Stock Price Up 7.1% – Should You Buy?

Anglesey Mining plc (LON:AYM)’s share price rose 7.1% during mid-day trading on Monday . The stock traded as high as GBX 0.75 ($0.01) and last traded at GBX 0.75 ($0.01). Approximately 757,526 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 1,413,585 shares. The stock had previously closed at GBX 0.70 ($0.01).

Anglesey Mining Stock Up 7.1 %

The company’s fifty day moving average price is GBX 0.76 and its 200-day moving average price is GBX 0.96. The stock has a market cap of £3.63 million, a P/E ratio of -9.50 and a beta of 2.23. The company has a debt-to-equity ratio of 27.02, a quick ratio of 4.11 and a current ratio of 0.67.

Anglesey Mining (LON:AYM) last announced its quarterly earnings data on Wednesday, December 18th. The mining company reported GBX (0.10) ($0.00) earnings per share 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.