Alba Mineral Resources (LON:ALBA) Shares Up 63.2% – Time to Buy?

Alba Mineral Resources plc (LON:ALBA) shares rose 63.2% during mid-day trading on Thursday . The company traded as high as GBX 0.04 ($0.00) and last traded at GBX 0.03 ($0.00). Approximately 777,935,250 shares traded hands during mid-day trading, an increase of 967% from the average daily volume of 72,880,297 shares. The stock had previously closed at GBX 0.02 ($0.00).

Alba Mineral Resources Stock Up 63.2 %

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 company’s 50 day moving average is GBX 0.02 and its 200 day 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.