Anglesey Mining (LON:AYM) Stock Passes Below 200-Day Moving Average – Time to Sell?

Shares of Anglesey Mining plc (LON:AYM) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 0.82 ($0.01) and traded as low as GBX 0.77 ($0.01). Anglesey Mining shares last traded at GBX 0.84 ($0.01), with a volume of 2,656,225 shares traded.

Anglesey Mining Stock Performance

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 company’s 50-day moving average is GBX 0.86 and its two-hundred day moving average is GBX 0.82. The company has a market capitalization of £4.30 million, a P/E ratio of -0.01 and a beta of 2.23.

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.