Anglo Asian Mining (LON:AAZ) Stock Price Up 14.1% – Here’s Why

Anglo Asian Mining PLC (LON:AAZGet Free Report) shot up 14.1% during mid-day trading on Monday . The company traded as high as GBX 420 and last traded at GBX 420. 162,795 shares changed hands during trading, a decline of 2% from the average session volume of 165,811 shares. The stock had previously closed at GBX 368.

Anglo Asian Mining Price Performance

The company’s 50 day simple moving average is GBX 408.13 and its 200 day simple moving average is GBX 337.61. The company has a debt-to-equity ratio of 34.83, a current ratio of 1.37 and a quick ratio of 0.75. The stock has a market cap of £484.71 million, a P/E ratio of 27.46 and a beta of 1.39.

Anglo Asian Mining Company Profile

(Get Free Report)

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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