Alba Mineral Resources (LON:ALBA) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Alba Mineral Resources plc (LON:ALBA)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 0.02 and traded as high as GBX 0.03. Alba Mineral Resources shares last traded at GBX 0.03, with a volume of 467,393,750 shares trading hands.

Alba Mineral Resources Stock Down 3.7%

The company has a market capitalization of £5.62 million, a price-to-earnings ratio of -0.67 and a beta of 0.25. The business has a fifty day simple moving average of GBX 0.02 and a two-hundred day simple moving average of GBX 0.02. The company has a quick ratio of 3.70, a current ratio of 0.75 and a debt-to-equity ratio of 0.05.

About Alba Mineral Resources

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.