Anglesey Mining (LON:AYM) Trading Up 27.4% – Here’s What Happened

Anglesey Mining plc (LON:AYM)’s share price rose 27.4% during mid-day trading on Monday . The company traded as high as GBX 0.85 ($0.01) and last traded at GBX 0.85 ($0.01). Approximately 2,198,452 shares changed hands during trading, an increase of 71% from the average daily volume of 1,285,483 shares. The stock had previously closed at GBX 0.67 ($0.01).

Anglesey Mining Stock Performance

The firm has a fifty day moving average price of GBX 0.74 and a 200 day moving average price of GBX 0.95. The firm has a market capitalization of £3.71 million, a PE ratio of -9.50 and a beta of 2.23. The company has a debt-to-equity ratio of 27.02, a current ratio of 0.67 and a quick ratio of 4.11.

Anglesey Mining (LON:AYM) last announced its earnings results on Wednesday, December 18th. The mining company reported GBX (0.10) ($0.00) 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.