Anglesey Mining (LON:AYM) Stock Passes Below 200 Day Moving Average – Here’s Why

Anglesey Mining plc (LON:AYM) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 0.95 ($0.01) and traded as low as GBX 0.65 ($0.01). Anglesey Mining shares last traded at GBX 0.85 ($0.01), with a volume of 2,198,452 shares changing hands.

Anglesey Mining Stock Performance

The company has a 50-day moving average of GBX 0.74 and a 200-day moving average of GBX 0.95. The firm has a market capitalization of £4.11 million, a price-to-earnings ratio of -9.50 and a beta of 2.23. 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 earnings results on Wednesday, December 18th. The mining company reported GBX (0.10) ($0.00) earnings per share for the quarter.

Anglesey Mining Company Profile

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.