Anglo Asian Mining (LON:AAZ) Shares Down 9.1% – Here’s Why

Anglo Asian Mining PLC (LON:AAZGet Free Report)’s share price dropped 9.1% during mid-day trading on Thursday . The stock traded as low as GBX 185 ($2.48) and last traded at GBX 198.25 ($2.66). Approximately 330,867 shares traded hands during mid-day trading, an increase of 239% from the average daily volume of 97,669 shares. The stock had previously closed at GBX 218 ($2.92).

Anglo Asian Mining Stock Down 0.6%

The company has a debt-to-equity ratio of 27.36, a quick ratio of 0.75 and a current ratio of 2.54. The company has a market capitalization of £227.06 million, a PE ratio of -1,297.32 and a beta of 1.31. The company’s fifty day moving average is GBX 178.55 and its 200-day moving average is GBX 153.91.

About Anglo Asian Mining

(Get Free Report)

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.

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