Anglesey Mining (LON:AYM) Trading Down 18.2% – Time to Sell?

Shares of Anglesey Mining plc (LON:AYM) fell 18.2% during mid-day trading on Tuesday . The company traded as low as GBX 0.70 and last traded at GBX 0.74. 13,833,132 shares changed hands during mid-day trading, an increase of 501% from the average session volume of 2,303,539 shares. The stock had previously closed at GBX 0.90.

Anglesey Mining Stock Up 20.7%

The business has a 50-day simple moving average of GBX 0.39 and a 200-day simple moving average of GBX 0.57. The company has a debt-to-equity ratio of 27.02, a quick ratio of 4.11 and a current ratio of 0.67. The company has a market cap of £203,381.99, a price-to-earnings ratio of -8.39 and a beta of 2.23.

Anglesey Mining (LON:AYM) last released its earnings results on Wednesday, October 1st. The mining company reported GBX (0.10) 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.