Anglo Asian Mining (LON:AAZ) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Anglo Asian Mining crossed above its 200-day moving average, trading as high as GBX 275 and last at GBX 268.26 on volume of 242,730 shares, leaving the stock up roughly 2.3%.
• The company has a market cap of £313.4M and a negative P/E (-35.69); its debt-to-equity is 31.27 with a current ratio of 1.17 and a quick ratio of 0.75, indicating modest liquidity and that it is currently unprofitable.
• Anglo Asian is an established miner in Azerbaijan with more than 20 years of operations, six producing mines and JORC resources of over 400,000 ounces of gold and about one million tonnes of copper.

Anglo Asian Mining PLC (LON:AAZ - ) crossed 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 Stock Up 2.3%

The stock has a market capitalization of £313.41 million, a price-to-earnings ratio of -35.69 and a beta of 1.35. The firm's fifty day moving average is GBX 243.34 and its 200-day moving average is GBX 248.24. The company has a debt-to-equity ratio of 31.27, a current ratio of 1.17 and a quick ratio of 0.75.

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.

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