Alba Mineral Resources (LON:ALBA) Shares Down 14.3% – Here’s Why

Shares of Alba Mineral Resources plc (LON:ALBAGet Free Report) dropped 14.3% on Monday . The company traded as low as GBX 0.04 ($0.00) and last traded at GBX 0.04 ($0.00). Approximately 1,059,467 shares traded hands during trading, a decline of 95% from the average daily volume of 21,817,105 shares. The stock had previously closed at GBX 0.05 ($0.00).

Alba Mineral Resources Stock Performance

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

Alba Mineral Resources Company Profile

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Alba Mineral Resources plc, together with its subsidiaries, engages in the exploration and development of natural resources. It primarily explores for gold, graphite, ilmenite, and iron ore deposits. The company owns 100% interests in the Clogau Gold, and the Gwynfynydd Gold Mine projects located in Wales; and the Thule Black Sands, the Amitsoq Graphite project, and the Melville Bay Iron project located in Greenland.

Further Reading

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