Anglo Asian Mining (LON:AAZ) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

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 passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 143.05 ($1.94) and traded as high as GBX 187.45 ($2.54). Anglo Asian Mining shares last traded at GBX 185 ($2.51), with a volume of 169,707 shares.

Anglo Asian Mining Price Performance

The business has a fifty day moving average price of GBX 168.79 and a 200-day moving average price of GBX 143.91. The company has a current ratio of 2.54, a quick ratio of 0.75 and a debt-to-equity ratio of 27.36. The stock has a market capitalization of £214.77 million, a PE ratio of -1,227.15 and a beta of 1.31.

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.