Alba Mineral Resources (LON:ALBA) Reaches New 52-Week Low at $0.16

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Alba Mineral Resources plc (LON:ALBA) shares reached a new 52-week low on Thursday . The company traded as low as GBX 0.16 ($0.00) and last traded at GBX 0.18 ($0.00), with a volume of 5737808 shares changing hands. The stock had previously closed at GBX 0.18 ($0.00).

Separately, First Equity restated a “buy” rating on shares of Alba Mineral Resources in a research note on Wednesday, May 15th.

The business’s 50 day moving average price is GBX 0.19 and its two-hundred day moving average price is GBX 0.23. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 2.99.

About Alba Mineral Resources (LON:ALBA)

Alba Mineral Resources plc, through its subsidiaries, engages in the exploration and development of natural resources primarily in the United Kingdom, Ireland, and Greenland. The company primarily explores for graphite, ilmenite, base metals, gold, and cobalt. The company holds 90% interest in the Amitsoq graphite project; 100% interests in the Thule Black Sands; 51% interests in the Melville Bay iron ore; 100% interest in the Inglefield Land multi-commodity project; and 90% interest in the Gold Mines of Wales.

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