Alba Mineral Resources (LON:ALBA) Trading Down 15% – Here’s Why

Shares of Alba Mineral Resources plc (LON:ALBA) fell 15% during trading on Monday . The stock traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). 68,843,875 shares were traded during mid-day trading, an increase of 123% from the average session volume of 30,915,426 shares. The stock had previously closed at GBX 0.02 ($0.00).

Alba Mineral Resources Stock Performance

The business has a fifty day simple moving average of GBX 0.02 and a 200 day simple moving average of GBX 0.03. The company has a current ratio of 0.75, a quick ratio of 3.70 and a debt-to-equity ratio of 0.05.

Alba Mineral Resources Company Profile

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.