Anglo Asian Mining (LON:AAZ) Trading Up 8% – Here’s What Happened

Anglo Asian Mining PLC (LON:AAZ)’s share price shot up 8% during mid-day trading on Wednesday . The stock traded as high as GBX 125 ($1.58) and last traded at GBX 121.50 ($1.54). 151,496 shares changed hands during trading, an increase of 188% from the average session volume of 52,673 shares. The stock had previously closed at GBX 112.50 ($1.43).

Anglo Asian Mining Stock Up 2.2 %

The company has a current ratio of 2.54, a quick ratio of 0.75 and a debt-to-equity ratio of 27.36. The firm has a market cap of £153.72 million, a PE ratio of -5.24 and a beta of 1.31. The business’s 50-day simple moving average is GBX 109 and its 200 day simple moving average is GBX 101.49.

About Anglo Asian Mining

Anglo Asian Mining PLC (AIM: AAZ) is an established and sustainable mining business with a portfolio of copper, gold and silver production assets in western Azerbaijan. It also has a very active exploration programme.

Anglo Asian is expanding internationally and made its first investment outside of Azerbaijan with the acquisition of a strategic interest in Libero Copper & Gold Corporation in late 2021.

The Company is profitable, debt free and pays regular dividends to its shareholders.