Anglo Asian Mining (LON:AAZ) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Anglo Asian Mining PLC (LON:AAZ) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 248.24 and traded as high as GBX 275. Anglo Asian Mining shares last traded at GBX 268.26, with a volume of 242,730 shares traded.

Anglo Asian Mining Trading Up 10.1%

The company has a debt-to-equity ratio of 31.27, a quick ratio of 0.75 and a current ratio of 1.17. The company has a 50-day simple moving average of GBX 243.34 and a 200 day simple moving average of GBX 248.24. The company has a market capitalization of £337.31 million, a P/E ratio of -38.41 and a beta of 1.35.

Anglo Asian Mining Company Profile

Anglo Asian Mining PLC is an established and sustainable mining business with a portfolio of copper, gold and silver production assets in western Azerbaijan.

With more than 20 years of successful operations in Azerbaijan, the company has discovered & developed six producing mines (2 open pit, 4 underground) and maintains a strong portfolio of high-quality production and development assets across eight contract areas, spanning 2,544 square kilometers in western Azerbaijan. These assets include multi-billion-dollar in-situ resources, with over 400,000 ounces of gold and one million tonnes of copper, according to JORC standards.