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

Shares of Anglo Asian Mining PLC (LON:AAZ) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 143.05 ($1.93) and traded as high as GBX 187.45 ($2.53). Anglo Asian Mining shares last traded at GBX 185 ($2.50), with a volume of 169,707 shares trading hands.

Anglo Asian Mining Stock Up 2.8%

The company has a market capitalization of £211.35 million, a PE ratio of -1,207.57 and a beta of 1.31. The company has a debt-to-equity ratio of 27.36, a quick ratio of 0.75 and a current ratio of 2.54. The stock’s 50 day moving average is GBX 168.28 and its 200 day moving average is GBX 143.23.

About Anglo Asian Mining

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.