Alba Mineral Resources (LON:ALBA) Shares Down 11.1% – Time to Sell?

Shares of Alba Mineral Resources plc (LON:ALBA) dropped 11.1% during trading on Wednesday . The company traded as low as GBX 0.02 and last traded at GBX 0.02. Approximately 465,144,531 shares traded hands during trading, an increase of 348% from the average daily volume of 103,935,492 shares. The stock had previously closed at GBX 0.02.

Alba Mineral Resources Trading Down 5.6%

The firm has a market capitalization of £2.51 million, a PE ratio of -0.44 and a beta of 0.25. The company has a quick ratio of 3.70, a current ratio of 0.75 and a debt-to-equity ratio of 0.05. The stock’s fifty day simple moving average is GBX 0.02 and its 200 day simple moving average is GBX 0.02.

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.