Anglo Asian Mining (LON:AAZ) Trading Down 7.8% - Time to Sell?

Key Points

• Anglo Asian Mining shares fell about 7.8% intraday to GBX 243.45 (previous close GBX 264) with trading volume of ~194,548 shares, roughly 8% above the average.
• Key financials show a negative P/E (-30.6), a current ratio of 1.17, quick ratio of 0.75 and debt-to-equity of 31.27, while the 50-day moving average (GBX 288.80) sits above the current price, indicating near-term weakness.
• The company operates established copper, gold and silver mines in western Azerbaijan and reports in‑situ resources of over 400,000 oz of gold and 1 million tonnes of copper.

Anglo Asian Mining PLC (LON:AAZ - )'s stock price was down 7.8% during trading on Friday . The company traded as low as GBX 237 and last traded at GBX 243.45. Approximately 194,548 shares were traded during mid-day trading, an increase of 8% from the average daily volume of 180,528 shares. The stock had previously closed at GBX 264.

Anglo Asian Mining Stock Down 11.0%

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 stock's 50-day moving average price is GBX 288.80 and its 200-day moving average price is GBX 234.20. The company has a market cap of £268.70 million, a P/E ratio of -30.60 and a beta of 1.11.

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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