Anglo Asian Mining (LON:AAZ) Sets New 12-Month High – Here’s Why

Anglo Asian Mining PLC (LON:AAZGet Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 435 and last traded at GBX 425, with a volume of 92634 shares. The stock had previously closed at GBX 435.

Anglo Asian Mining Stock Performance

The firm’s fifty day simple moving average is GBX 361.68 and its 200 day simple moving average is GBX 298.81. The stock has a market capitalization of £486.46 million, a P/E ratio of 27.60 and a beta of 1.38. The company has a debt-to-equity ratio of 78.49, a quick ratio of 0.75 and a current ratio of 1.22.

About Anglo Asian Mining

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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.

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