Atalaya Mining (LON:ATYM) Shares Pass Above 50-Day Moving Average – Should You Sell?

Atalaya Mining Plc (LON:ATYM) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 366.26 ($4.72) and traded as high as GBX 375 ($4.83). Atalaya Mining shares last traded at GBX 369.50 ($4.76), with a volume of 182,763 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lowered their target price on Atalaya Mining from GBX 585 ($7.54) to GBX 555 ($7.15) and set a “buy” rating on the stock in a research report on Wednesday, November 13th.

Atalaya Mining Stock Up 2.3 %

The company has a current ratio of 1.53, a quick ratio of 1.64 and a debt-to-equity ratio of 7.71. The stock’s 50-day moving average price is GBX 366.26 and its two-hundred day moving average price is GBX 367.73. The stock has a market capitalization of £644.22 million, a P/E ratio of 23.43, a P/E/G ratio of -2.02 and a beta of 1.64.

Atalaya Mining Company Profile

Atalaya is a European copper producer that owns and operates the Proyecto Riotinto complex in southwest Spain. Atalaya’s shares trade on the London Stock Exchange’s Main Market under the symbol “ATYM”.

Atalaya’s operations include the Cerro Colorado open pit mine and a modern 15 Mtpa processing plant, which has the potential to become a central processing hub for ore sourced from its wholly owned regional projects around Riotinto, such as Proyecto Masa Valverde and Proyecto Riotinto East.