Anglesey Mining (LON:AYM) Stock Price Up 20.5% – Time to Buy?

Shares of Anglesey Mining plc (LON:AYMGet Free Report) were up 20.5% on Friday . The company traded as high as GBX 0.68 ($0.01) and last traded at GBX 0.68 ($0.01). Approximately 162,396 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 1,542,984 shares. The stock had previously closed at GBX 0.56 ($0.01).

Anglesey Mining Stock Up 26.8 %

The firm has a 50 day moving average of GBX 0.81 and a two-hundred day moving average of GBX 0.99. The firm has a market capitalization of £3.43 million, a price-to-earnings ratio of -9.50 and a beta of 2.23. The company has a quick ratio of 4.11, a current ratio of 0.67 and a debt-to-equity ratio of 27.02.

Anglesey Mining Company Profile

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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.

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