Anglo Asian Mining (LON:AAZ) Shares Cross Above 200-Day Moving Average – Here’s Why

Anglo Asian Mining PLC (LON:AAZ)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 96.14 ($1.17) and traded as high as GBX 115 ($1.40). Anglo Asian Mining shares last traded at GBX 103 ($1.25), with a volume of 35,729 shares trading hands.

Anglo Asian Mining Stock Down 6.4 %

The firm has a market capitalization of £117.67 million, a PE ratio of -542.11 and a beta of 1.31. The business’s fifty day moving average price is GBX 102.92 and its 200 day moving average price is GBX 96.14. The company has a quick ratio of 0.75, a current ratio of 1.73 and a debt-to-equity ratio of 27.41.

Anglo Asian Mining Company Profile

Anglo Asian Mining PLC (AIM: AAZ) is an established and sustainable mining business with a portfolio of copper, gold and silver production assets in western Azerbaijan. It also has a very active exploration programme.

Anglo Asian is expanding internationally and made its first investment outside of Azerbaijan with the acquisition of a strategic interest in Libero Copper & Gold Corporation in late 2021.

The Company is profitable, debt free and pays regular dividends to its shareholders.