Anglesey Mining (LON:AYM) Stock Price Down 30.3% – Here’s Why

Anglesey Mining plc (LON:AYMGet Free Report) shares dropped 30.3% during trading on Thursday . The stock traded as low as GBX 0.42 ($0.01) and last traded at GBX 0.42 ($0.01). Approximately 927,845 shares changed hands during mid-day trading, an increase of 17% from the average daily volume of 790,700 shares. The stock had previously closed at GBX 0.60 ($0.01).

Anglesey Mining Stock Down 22.7%

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 company has a market cap of £2.37 million, a P/E ratio of 0.00 and a beta of 2.23. The company has a fifty day moving average of GBX 0.78 and a 200 day moving average of GBX 0.81.

Anglesey Mining Company Profile

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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.

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