Anglesey Mining (LON:AYM) Trading 15.4% Higher – Should You Buy?

Shares of Anglesey Mining plc (LON:AYMGet Free Report) rose 15.4% during mid-day trading on Monday . The company traded as high as GBX 4.80 and last traded at GBX 4.80. Approximately 1,670,224 shares changed hands during trading, an increase of 611% from the average daily volume of 234,911 shares. The stock had previously closed at GBX 4.16.

Anglesey Mining Trading Up 14.5%

The company has a current ratio of 0.18, a quick ratio of 4.11 and a debt-to-equity ratio of 31.33. The company’s fifty day moving average is GBX 4.56 and its 200-day moving average is GBX 5.33. The firm has a market capitalization of £3.09 million, a P/E ratio of -4.76 and a beta of 1.46.

About Anglesey Mining

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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.

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