Anglo Asian Mining (LON:AAZ) Reaches New 52-Week High – Here’s Why

Anglo Asian Mining PLC (LON:AAZ)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 125 ($1.61) and last traded at GBX 116.25 ($1.50), with a volume of 35405 shares. The stock had previously closed at GBX 125 ($1.61).

Anglo Asian Mining Price Performance

The business’s 50 day moving average is GBX 113.26 and its 200-day moving average is GBX 105.43. The company has a debt-to-equity ratio of 27.36, a current ratio of 2.54 and a quick ratio of 0.75. The company has a market cap of £160.40 million, a PE ratio of -5.47 and a beta of 1.31.

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.