Anglo Asian Mining (LON:AAZ) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Anglo Asian Mining PLC (LON:AAZ) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 98.13 ($1.22) and traded as high as GBX 113 ($1.41). Anglo Asian Mining shares last traded at GBX 105 ($1.31), with a volume of 6,883 shares trading hands.

Anglo Asian Mining Price Performance

The company has a quick ratio of 0.75, a current ratio of 1.73 and a debt-to-equity ratio of 27.41. The company has a market capitalization of £119.95 million, a P/E ratio of -552.63 and a beta of 1.31. The business has a 50 day simple moving average of GBX 104.67 and a 200-day simple moving average of GBX 98.13.

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.