Anglesey Mining (LON:AYM) Shares Down 13.6% – Time to Sell?

Anglesey Mining plc (LON:AYM) shares fell 13.6% on Friday . The stock traded as low as GBX 0.71 ($0.01) and last traded at GBX 0.71 ($0.01). 816,426 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 1,245,423 shares. The stock had previously closed at GBX 0.83 ($0.01).

Anglesey Mining Trading Down 11.5 %

The company has a quick ratio of 4.11, a current ratio of 0.67 and a debt-to-equity ratio of 27.02. The stock has a market capitalization of £3.61 million, a P/E ratio of -0.01 and a beta of 2.23. The firm’s 50 day simple moving average is GBX 0.73 and its two-hundred day simple moving average is GBX 0.94.

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