Alba Mineral Resources (LON:ALBA) Shares Up 18.8% – Still a Buy?

Alba Mineral Resources plc (LON:ALBA)’s stock price shot up 18.8% during mid-day trading on Thursday . The company traded as high as GBX 0.02 and last traded at GBX 0.02. 459,730,344 shares traded hands during mid-day trading, an increase of 64% from the average session volume of 279,762,156 shares. The stock had previously closed at GBX 0.02.

Alba Mineral Resources Trading Up 9.1%

The firm has a market capitalization of £5.18 million, a PE ratio of -0.62 and a beta of 0.25. The company has a quick ratio of 3.70, a current ratio of 0.75 and a debt-to-equity ratio of 0.05. The business’s fifty day moving average price is GBX 0.02 and its 200 day moving average price is GBX 0.02.

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.