Alba Mineral Resources (LON:ALBA) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Alba Mineral Resources plc (LON:ALBA) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 0.02 ($0.00) and traded as high as GBX 0.03 ($0.00). Alba Mineral Resources shares last traded at GBX 0.03 ($0.00), with a volume of 7,433,665 shares trading hands.

Alba Mineral Resources Price Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 0.75 and a quick ratio of 3.70. The stock has a 50 day moving average price of GBX 0.02 and a 200 day moving average price of GBX 0.03.

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.