Alba Mineral Resources (LON:ALBA) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Alba Mineral Resources plc (LON:ALBA)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 0.04 ($0.00) and traded as low as GBX 0.02 ($0.00). Alba Mineral Resources shares last traded at GBX 0.03 ($0.00), with a volume of 6,236,618 shares changing hands.

Alba Mineral Resources Stock Performance

The firm has a 50-day simple moving average of GBX 0.03 and a 200 day simple moving average of 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.

About Alba Mineral Resources

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.