Anglesey Mining (LON:AYM) Trading 20% Higher – Still a Buy?

Shares of Anglesey Mining plc (LON:AYM) traded up 20% on Tuesday . The company traded as high as GBX 0.90 ($0.01) and last traded at GBX 0.90 ($0.01). 415,805 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 1,168,963 shares. The stock had previously closed at GBX 0.75 ($0.01).

Anglesey Mining Stock Up 5.1 %

The business has a 50-day simple moving average of GBX 0.72 and a 200-day simple moving average of GBX 0.94. The company has a quick ratio of 4.11, a current ratio of 0.67 and a debt-to-equity ratio of 27.02. The stock has a market cap of £3.89 million, a P/E ratio of -0.01 and a beta of 2.23.

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