Alba Mineral Resources (LON:ALBA) Trading Down 3.7% – Here’s Why

Alba Mineral Resources plc (LON:ALBA)’s stock price traded down 3.7% on Thursday . The company traded as low as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). 58,477,648 shares changed hands during trading, an increase of 2% from the average session 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 debt-to-equity ratio of 0.05, a quick ratio of 3.70 and a current ratio of 0.75. The firm’s 50 day moving average price is GBX 0.03 and its two-hundred 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.