Alba Mineral Resources (LON:ALBA) Trading Down 3.7% – Time to Sell?

Alba Mineral Resources plc (LON:ALBA) shares dropped 3.7% during mid-day trading on Thursday . The stock traded as low as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). Approximately 58,477,648 shares traded hands during trading, an increase of 2% from the average daily volume of 57,061,020 shares. The stock had previously closed at GBX 0.03 ($0.00).

Alba Mineral Resources Price Performance

The company has a current ratio of 0.75, a quick ratio of 3.70 and a debt-to-equity ratio of 0.05. The firm’s 50-day moving average price is GBX 0.03 and its 200 day moving average price is GBX 0.04.

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.