Alba Mineral Resources (LON:ALBA) Stock Crosses Above 50 Day Moving Average – What’s Next?

Alba Mineral Resources plc (LON:ALBA) crossed above its fifty day moving average during trading on Monday . The stock has a fifty 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.

Alba Mineral Resources Trading Down 7.7 %

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 business’s 50-day simple moving average is GBX 0.02 and its two-hundred day simple moving average is GBX 0.03.

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.