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

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.