Alba Mineral Resources (LON:ALBA) Trading 100% Higher – Should You Buy?

Alba Mineral Resources plc (LON:ALBA) rose 100% on Thursday . The company traded as high as GBX 0.04 ($0.00) and last traded at GBX 0.04 ($0.00). Approximately 642,931,500 shares changed hands during mid-day trading, an increase of 804% from the average daily volume of 71,103,930 shares. The stock had previously closed at GBX 0.02 ($0.00).

Alba Mineral Resources Price Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.70 and a current ratio of 0.75. The business’s 50 day simple moving average is GBX 0.02 and its 200 day simple moving average is GBX 0.03.

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.