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

Anglesey Mining plc (LON:AYM)’s stock price was down 12% during mid-day trading on Wednesday . The company traded as low as GBX 0.22 and last traded at GBX 0.22. Approximately 4,479,750 shares were traded 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 Stock Down 7.5%

The stock has a market capitalization of £89,691.70, a P/E ratio of -3.70 and a beta of 2.23. The business has a 50-day moving average price of GBX 0.40 and a 200 day moving average price of GBX 0.65. The company has a current ratio of 0.67, a quick ratio of 4.11 and a debt-to-equity ratio of 27.02.

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