Anglo Asian Mining (LON:AAZ) Stock Price Up 11.5% – What’s Next?

Anglo Asian Mining PLC (LON:AAZ) shares shot up 11.5% on Tuesday . The stock traded as high as GBX 270 and last traded at GBX 257.55. 472,460 shares were traded during trading, an increase of 126% from the average session volume of 208,834 shares. The stock had previously closed at GBX 231.

Anglo Asian Mining Price Performance

The firm has a market cap of £294.72 million, a PE ratio of -33.56 and a beta of 1.10. The stock has a 50 day simple moving average of GBX 287.74 and a two-hundred day simple moving average of GBX 236.18. The company has a debt-to-equity ratio of 31.27, a quick ratio of 0.75 and a current ratio of 1.17.

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.