Alba Mineral Resources (LON:ALBA) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Alba Mineral Resources plc (LON:ALBAGet Free Report)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 0.04 ($0.00) and traded as low as GBX 0.02 ($0.00). Alba Mineral Resources shares last traded at GBX 0.02 ($0.00), with a volume of 26,102,506 shares changing hands.

Alba Mineral Resources Stock Performance

The stock has a 50-day moving average price of GBX 0.03 and a two-hundred day moving average price of GBX 0.04. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.75 and a quick ratio of 3.70.

Alba Mineral Resources Company Profile

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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.

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