Alba Mineral Resources (LON:ALBA) Trading 63.2% Higher – Time to Buy?

Alba Mineral Resources plc (LON:ALBA) was up 63.2% on Friday . The company traded as high as GBX 0.04 ($0.00) and last traded at GBX 0.03 ($0.00). Approximately 777,935,250 shares changed hands during mid-day trading, an increase of 967% from the average daily volume of 72,880,297 shares. The stock had previously closed at GBX 0.02 ($0.00).

Alba Mineral Resources Price Performance

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

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.