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

Key Points

• Technical bearish signal: Anglo Asian Mining shares dropped below their 200‑day moving average (GBX 240.06), trading as low as GBX 205 and last at GBX 225.20 on volume 236,672, which may signal downward momentum.
• Company fundamentals and assets: The firm has a market cap of £257.5M, a negative P/E (-29.32) and debt-to-equity of 31.27, and operates copper, gold and silver mines in western Azerbaijan with reported resources of over 400,000 ounces of gold and about 1 million tonnes of copper.

Shares of Anglo Asian Mining PLC (LON:AAZ - ) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 240.06 and traded as low as GBX 205. Anglo Asian Mining shares last traded at GBX 225.20, with a volume of 236,672 shares.

Anglo Asian Mining Stock Up 0.1%

The company has a debt-to-equity ratio of 31.27, a quick ratio of 0.75 and a current ratio of 1.17. The firm has a 50 day simple moving average of GBX 276.81 and a two-hundred day simple moving average of GBX 240.06. The stock has a market cap of £257.50 million, a P/E ratio of -29.32 and a beta of 1.10.

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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