Anglo Asian Mining (LON:AAZ) Stock Passes Below 200 Day Moving Average - Here's Why

Key Points

• Shares fell below the 200-day moving average, with the 200-day MA at GBX 240.61; the stock traded as low as GBX 205 and last at GBX 225 on a volume of 143,209 shares.
• The company has a market cap of £257.27 million, a negative trailing PE of -29.30, and liquidity/leverage metrics of current ratio 1.17, quick ratio 0.75 and debt-to-equity 31.27.
• Anglo Asian is an established miner in western Azerbaijan with over 20 years of operations and JORC resources of more than 400,000 oz of gold and about 1 million tonnes of copper across 2,544 km² of contract areas.

Shares of Anglo Asian Mining PLC (LON:AAZ - ) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 240.61 and traded as low as GBX 205. Anglo Asian Mining shares last traded at GBX 225, with a volume of 143,209 shares.

Anglo Asian Mining Stock Performance

The business's 50-day simple moving average is GBX 267.79 and its two-hundred day simple moving average is GBX 240.61. The company has a current ratio of 1.17, a quick ratio of 0.75 and a debt-to-equity ratio of 31.27. The company has a market capitalization of £257.27 million, a PE ratio of -29.30 and a beta of 1.10.

About Anglo Asian Mining

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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