Anglesey Mining (LON:AYM) Stock Price Down 12% – What’s Next?

Anglesey Mining plc (LON:AYM) was down 12% on Wednesday . The company traded as low as GBX 0.22 and last traded at GBX 0.22. Approximately 4,479,750 shares changed hands during mid-day trading, an increase of 351% from the average daily volume of 992,518 shares. The stock had previously closed at GBX 0.25.

Anglesey Mining Price Performance

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 firm has a market capitalization of £1.07 million, a price-to-earnings ratio of -1.10 and a beta of 2.23. The stock’s 50 day moving average price is GBX 0.40 and its two-hundred day moving average price is GBX 0.65.

Anglesey Mining (LON:AYM) last posted its quarterly earnings results on Wednesday, October 1st. The mining company reported GBX (0.10) earnings per share 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.