Anglo Asian Mining (LON:AAZ) Stock Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Anglo Asian Mining's share price has recently crossed above its 200-day moving average, indicating potential positive momentum in trading.
• The company has a market cap of £211.35 million and maintains a debt-to-equity ratio of 27.36 while being profitable and debt-free.
• Anglo Asian Mining is expanding internationally, having made its first investment outside of Azerbaijan in Libero Copper & Gold Corporation.

Anglo Asian Mining PLC (LON:AAZ - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 143.05 ($1.92) and traded as high as GBX 187.45 ($2.52). Anglo Asian Mining shares last traded at GBX 185 ($2.49), with a volume of 169,707 shares trading hands.

Anglo Asian Mining Price Performance

The stock has a market capitalization of £206.78 million, a PE ratio of -1,181.46 and a beta of 1.31. The company has a quick ratio of 0.75, a current ratio of 2.54 and a debt-to-equity ratio of 27.36. The stock's 50 day moving average price is GBX 170.03 and its 200-day moving average price is GBX 145.01.

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.