Alba Mineral Resources (LON:ALBA) Shares Down 9.7% – Time to Sell?

Alba Mineral Resources plc (LON:ALBA)’s share price dropped 9.7% during mid-day trading on Wednesday . The company traded as low as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). Approximately 85,331,883 shares were traded during trading, an increase of 14% from the average daily volume of 75,087,313 shares. The stock had previously closed at GBX 0.03 ($0.00).

Alba Mineral Resources Stock Down 9.7 %

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

About Alba Mineral Resources

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.