Alba Mineral Resources (LON:ALBA) Trading 18.8% Higher – Here’s Why

Shares of Alba Mineral Resources plc (LON:ALBA) shot up 18.8% during mid-day trading on Thursday . The company traded as high as GBX 0.02 and last traded at GBX 0.02. 459,730,344 shares traded hands during mid-day trading, an increase of 64% from the average session volume of 279,762,156 shares. The stock had previously closed at GBX 0.02.

Alba Mineral Resources Stock Up 21.1%

The company has a market cap of £4.97 million, a PE ratio of -0.59 and a beta of 0.25. The firm has a 50-day simple moving average of GBX 0.02 and a two-hundred day simple moving average of GBX 0.02. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.75 and a quick ratio of 3.70.

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.