Alba Mineral Resources (LON:ALBA) Hits New 1-Year Low – Here’s What Happened

Alba Mineral Resources plc (LON:ALBA)’s share price reached a new 52-week low on Wednesday . The stock traded as low as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00), with a volume of 138012250 shares changing hands. The stock had previously closed at GBX 0.01 ($0.00).

Alba Mineral Resources Trading Down 8.3 %

The company has a 50-day simple moving average of GBX 0.02 and a two-hundred 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.