Anglesey Mining (AYM) AI Stock Analysis

• Market Cap: £4.11M
• Dividend Yield: N/A
• Average Volume (3M): 1.67M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.67
• Revenue Growth: N/A
• EPS Growth: 36.36%
• Country: UK
• Employees: 5
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 48,482,227
• 10 Day Avg. Volume: 1,264,309
• 30 Day Avg. Volume: 1,668,898
• PEG Ratio: 0.06
• Price to Book (P/B): 0.28
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.60
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: 7.50p ▲(1150.00% Upside)
• Action: Reiterated Date: 02/26/26
• Date: Action: Reiterated 02/26/26

The score is primarily held back by weak financial performance (no revenue, continued losses, and negative operating/free cash flow). Technicals are somewhat supportive with price trading above key moving averages, but mixed momentum and a loss-driven negative P/E with no dividend limit overall attractiveness.

Positive Factors

Strategic Project Asset

Having a defined, advanced-stage development asset (Parys Mountain) gives the company clear strategic focus and persisting optionality. Progress on technical studies and permitting can convert exploration value into a future operating base, aligning with long-term demand for base and battery metals.

Improving loss trend

Consistent year-on-year improvement in operating losses reflects tighter cost control and program prioritisation. If sustained, this durable trend reduces required external funding, lengthens runway for development work, and increases the chance of reaching break-even during project advancement.

Manageable leverage

Relatively low debt levels provide financial flexibility for a development-stage miner. Manageable leverage reduces near-term refinancing and interest obligations, preserving capacity to raise project financing or equity on acceptable terms while continuing technical and permitting work.

Negative Factors

No operating revenue

Absence of an operating revenue base makes the business entirely dependent on exploration/development optionality and capital markets. That structural lack of cash-generating operations keeps valuation speculative and raises execution risk until the asset reaches production or a monetisation event.

Persistent negative cash flow

Sustained negative operating and free cash flow necessitate recurring external funding to maintain development activity. Over months to years, this increases dilution or debt risk, constrains the ability to accelerate studies or permitting, and can delay transition to a self-funding operating phase.

Equity erosion and negative returns

Declining equity and persistent negative ROE signal capital erosion and weak capital efficiency. If losses persist, shareholder value is likely to be diluted by future financings and the company may face more onerous funding terms, hampering long-term project development prospects.

Anglesey Mining Business Overview & Revenue Model

Company Description

Anglesey Mining plc, a mining company, engages in the exploration, evaluation, and development of mineral properties. The company owns a 100% interest in the Parys Mountain underground zinc-copper-lead-silver-gold deposit in North Wales, the United Kingdom. It also has a 12% interest in the Labrador iron project located in Labrador and Quebec; and 19.9% interest in the Grangesberg iron ore mine situated in Bergslagen district of central Sweden. Anglesey Mining plc was incorporated in 1984 and is based in London, the United Kingdom.

How the Company Makes Money

Anglesey Mining makes money through the development and eventual extraction of mineral resources from its properties, with the primary focus being on the Parys Mountain project. The company seeks to generate revenue by extracting and selling the minerals found within its mining assets. As the company advances its projects towards production, it aims to secure funding and partnerships to support the exploration and development phases. Revenue is primarily expected from the sale of extracted minerals once commercial production is achieved. In addition, Anglesey Mining may also engage in strategic partnerships or joint ventures to help finance and advance its mining activities.

Anglesey Mining Financial Statement Overview

Summary

Income statement and cash flow quality are very weak due to no reported revenue, persistent net losses, and ongoing negative operating/free cash flow (despite improvement in 2025). Balance sheet leverage appears moderate, but equity has trended down and ROE remains negative, leaving funding dependence as a key risk.

Income Statement

The company reports no revenue across the period provided, while operating losses remain persistent. Losses narrowed in the latest year (EBIT improved to -469k in 2025 vs. -1,042k in 2024, and net loss improved to -657k vs. -1,213k), but profitability is still firmly negative and the business has not demonstrated an operating revenue base in these filings.

Balance Sheet

Leverage appears manageable, with debt-to-equity consistently around ~0.25–0.34 (0.28 in 2025), suggesting the balance sheet is not heavily debt-funded. However, equity has been roughly flat-to-down over time (2025 equity ~14.27m vs. 2021 ~16.41m) and returns on equity are consistently negative (about -4.6% in 2025), reflecting ongoing losses and value erosion risk if losses persist.

Cash Flow

Cash generation is weak: operating cash flow is negative every year shown (improving to -393k in 2025 from -776k in 2024), and free cash flow is also consistently negative (-724k in 2025 vs. -1,274k in 2024). While the cash burn rate improved in the latest year and free cash flow shows a positive growth figure off a depressed base, the company still relies on external funding sources to sustain operations given continuing cash outflows.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	-235.74K	0.00	-1.04M	-752.33K	-528.00K	-163.00K
Net Income	-335.04K	-656.50K	-1.21M	-961.29K	-693.00K	-329.00K
Balance Sheet
Total Assets	18.23M	18.63M	18.86M	18.83M	19.04M	20.73M
Cash, Cash Equivalents and Short-Term Investments	43.79K	44.26K	219.69K	247.13K	922.18K	891.77K
Total Debt	4.23M	4.05M	3.91M	4.19M	4.31M	4.15M
Total Liabilities	4.73M	4.36M	4.37M	4.45M	4.72M	4.32M
Stockholders Equity	13.50M	14.27M	14.49M	14.38M	14.32M	16.41M
Cash Flow
Free Cash Flow	-52.57K	-723.72K	-1.27M	-1.29M	-707.85K	-251.66K
Operating Cash Flow	-52.51K	-393.02K	-775.96K	-794.19K	-388.17K	-174.04K
Investing Cash Flow	-104.06K	-330.28K	-496.50K	-586.12K	-319.68K	-97.67K
Financing Cash Flow	109.38K	547.92K	1.25M	705.11K	738.23K	1.07M

Anglesey Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:AYM, the sentiment is Positive. The current price of 0.6 is below the 20-day moving average (MA) of 6.18, below the 50-day MA of 6.25, and below the 200-day MA of 5.87, indicating a bullish trend. The MACD of 0.26 indicates Negative momentum. The RSI at 66.51 is Neutral, neither overbought nor oversold. The STOCH value of 81.94 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:AYM.

Anglesey Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ARK	49 Neutral	£8.13M	-3.57	-67.90%	―	―	―
TYM	48 Neutral	£4.64M	-1.28	-44.38%	―	1.77%	33.33%
AYM	46 Neutral	£4.11M	-1.08	-4.75%	―	―	36.36%
SKA	45 Neutral	£4.00M	-2.34	-25.13%	―	―	―
ALBA	43 Neutral	£4.07M	-0.78	-44.29%	―	―	―
TM1	32 Underperform	£2.51M	-0.32	―	―	―	17.65%

Anglesey Mining Corporate Events

Anglesey Mining Strengthens Balance Sheet as Energold Exercises Warrants

Anglesey Mining has issued 4,607,081 new ordinary shares after Energold Minerals Inc. exercised its warrants, following a £350,000 strategic investment priced at 7.6 pence per warrant, a 17% premium to the latest closing price. This move, together with Anglesey’s recent debt restructuring, strengthens the company’s balance sheet and shareholder base as it concentrates on executing its exploration and development strategy at the Parys Mountain project.

Energold, Anglesey’s largest and long-standing shareholder, framed the warrant exercise as a signal of continued long-term support, highlighting Parys Mountain as the only advanced copper-focused mine development opportunity in the UK. Admission of the new shares to trading on AIM is expected around 4 March 2026, taking Anglesey’s issued share capital to 53,089,307 ordinary shares and slightly diluting existing holders while improving financial flexibility for project advancement.

The most recent analyst rating on (GB:AYM) stock is a Hold with a £5.00 price target. To see the full list of analyst forecasts on Anglesey Mining stock, see the GB:AYM Stock Forecast page.

Anglesey Mining Wins AGM Backing for Share Consolidation and AIM Admission of New Stock

Anglesey Mining plc has secured shareholder approval for all resolutions at its Annual General Meeting, including a capital reorganisation that consolidates every ten existing ordinary shares into one new ordinary share. The move aligns its share capital structure with its current scale and is expected to simplify the share register and potentially improve trading dynamics on AIM.

The company has applied for 48,482,226 new ordinary shares to be admitted to trading on AIM, with dealings expected to commence around 13 February 2026 and new ISIN and SEDOL codes assigned. This new share total becomes the reference point for investors’ disclosure calculations under FCA transparency rules, clarifying reporting thresholds for significant holdings in the company.

The most recent analyst rating on (GB:AYM) stock is a Hold with a £0.74 price target. To see the full list of analyst forecasts on Anglesey Mining stock, see the GB:AYM Stock Forecast page.

Anglesey Mining Completes £350,000 Warrant Offering and Strengthens Board

Anglesey Mining plc has successfully completed a £350,000 investment through a warrant offering with Energold Minerals Inc. This strategic financial move aims to bolster Anglesey’s current financial standing and facilitate the settlement of outstanding payments. Additionally, the company plans to convene an extraordinary general meeting to approve a consolidation of ordinary shares, supporting the issuance of new shares. The appointment of Brendan Cahill and Jim Williams as non-executive directors further strengthens the board, with Cahill representing Energold. These developments are expected to enhance Anglesey’s operational and financial strategies, potentially impacting its market positioning and stakeholder interests.