Atalaya Mining (LON:ATYM) Share Price Crosses Above Fifty Day Moving Average - Time to Sell?

Atalaya Mining Plc (LON:ATYM - Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 366.26 ($4.73) and traded as high as GBX 375 ($4.85). Atalaya Mining shares last traded at GBX 369.50 ($4.77), with a volume of 182,763 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lowered their target price on shares of Atalaya Mining from GBX 585 ($7.56) to GBX 555 ($7.17) and set a "buy" rating on the stock in a research note on Wednesday, November 13th.

Atalaya Mining Stock Down 0.8 %

The company has a debt-to-equity ratio of 7.71, a quick ratio of 1.64 and a current ratio of 1.53. The firm has a market capitalization of £642.51 million, a PE ratio of 23.37, a PEG ratio of -2.02 and a beta of 1.64. The company's 50 day simple moving average is GBX 367.77 and its 200-day simple moving average is GBX 367.66.

Atalaya Mining Company Profile

Atalaya is a European copper producer that owns and operates the Proyecto Riotinto complex in southwest Spain. Atalaya's shares trade on the London Stock Exchange's Main Market under the symbol "ATYM". Atalaya's operations include the Cerro Colorado open pit mine and a modern 15 Mtpa processing plant, which has the potential to become a central processing hub for ore sourced from its wholly owned regional projects around Riotinto, such as Proyecto Masa Valverde and Proyecto Riotinto East.