Anglesey Mining (LON:AYM) Trading 11.1% Higher – Here’s Why

Anglesey Mining plc (LON:AYMGet Free Report) shares traded up 11.1% on Thursday . The company traded as high as GBX 0.50 ($0.01) and last traded at GBX 0.50 ($0.01). 104,509 shares were traded during mid-day trading, a decline of 89% from the average session volume of 909,258 shares. The stock had previously closed at GBX 0.45 ($0.01).

Anglesey Mining Price Performance

The company has a debt-to-equity ratio of 27.02, a quick ratio of 4.11 and a current ratio of 0.67. The firm has a market cap of £2.12 million, a price-to-earnings ratio of -2.19 and a beta of 2.23. The company’s fifty day moving average is GBX 0.44 and its two-hundred day moving average is GBX 0.69.

Anglesey Mining (LON:AYMGet Free Report) last posted its earnings results on Wednesday, October 1st. The mining company reported GBX (0.10) earnings per share for the quarter.

About Anglesey Mining

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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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