Anglo Asian Mining (LON:AAZ) Trading Up 14.2% – Still a Buy?

Anglo Asian Mining PLC (LON:AAZ)’s stock price shot up 14.2% during mid-day trading on Thursday . The company traded as high as GBX 394 and last traded at GBX 394. Approximately 614,567 shares changed hands during trading, an increase of 212% from the average daily volume of 196,731 shares. The stock had previously closed at GBX 345.

Anglo Asian Mining Stock Performance

The company has a debt-to-equity ratio of 78.49, a current ratio of 1.22 and a quick ratio of 0.75. The stock has a 50 day simple moving average of GBX 291.96 and a two-hundred day simple moving average of GBX 273.87. The company has a market cap of £450.51 million, a PE ratio of 25.58 and a beta of 1.40.

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.