Alba Mineral Resources (LON:ALBA) Shares Up 4.2% – Time to Buy?

Alba Mineral Resources plc (LON:ALBA)’s share price rose 4.2% during mid-day trading on Tuesday . The company traded as high as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). Approximately 40,526,992 shares traded hands during mid-day trading, an increase of 22% from the average daily volume of 33,269,414 shares. The stock had previously closed at GBX 0.02 ($0.00).

Alba Mineral Resources Price Performance

The firm’s 50 day simple moving average is GBX 0.03 and its two-hundred day simple moving average is GBX 0.04. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.75 and a quick ratio of 3.70.

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.