Anglesey Mining (LON:AYM) Shares Up 15.4% – Time to Buy?

Anglesey Mining plc (LON:AYM) traded up 15.4% on Tuesday . The stock traded as high as GBX 0.75 ($0.01) and last traded at GBX 0.75 ($0.01). 2,652,557 shares changed hands during mid-day trading, an increase of 75% from the average session volume of 1,512,251 shares. The stock had previously closed at GBX 0.65 ($0.01).

Anglesey Mining Trading Up 15.4 %

The business has a 50-day moving average of GBX 0.77 and a 200-day moving average of GBX 0.97. The company has a debt-to-equity ratio of 27.02, a current ratio of 0.67 and a quick ratio of 4.11. The firm has a market cap of £3.63 million, a price-to-earnings ratio of -9.50 and a beta of 2.23.

Anglesey Mining (LON:AYM) last announced its quarterly earnings data on Wednesday, December 18th. The mining company reported GBX (0.10) ($0.00) earnings per share (EPS) for the quarter.

About Anglesey Mining

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.