Anglo Asian Mining (LON:AAZ) Shares Down 18.3% – Time to Sell?

Anglo Asian Mining PLC (LON:AAZ) dropped 18.3% during trading on Monday . The company traded as low as GBX 93 ($1.20) and last traded at GBX 98 ($1.26). Approximately 92,439 shares were traded during trading, an increase of 26% from the average daily volume of 73,121 shares. The stock had previously closed at GBX 120 ($1.55).

Anglo Asian Mining Stock Performance

The firm’s fifty day moving average price is GBX 117.04 and its two-hundred day moving average price is GBX 108.61. The stock has a market capitalization of £131.66 million, a PE ratio of -4.49 and a beta of 1.31. The company has a current ratio of 2.54, a quick ratio of 0.75 and a debt-to-equity ratio of 27.36.

Anglo Asian Mining Company Profile

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.