Anglo Asian Mining Plc’s Stock Is Buy After Reaching 52-Week High

 Anglo Asian Mining Plc's Stock Is Buy After Reaching 52 Week High

The stock of Anglo Asian Mining Plc (LON:AAZ) hit a new 52-week high and has GBX 85.60 target or 172.00% above today’s GBX 31.47 share price. The 7 months bullish chart indicates low risk for the GBX 36.03 million company. The 1-year high was reported on Nov, 3 by Barchart.com. If the GBX 85.60 price target is reached, the company will be worth GBX 61.97M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 2.42% or GBX 0.78 on November 3, hitting GBX 31.47. About 1.03M shares traded hands or 104.52% up from the average. Anglo Asian Mining Plc (LON:AAZ) has risen 443.48% since April 6, 2016 and is uptrending. It has outperformed by 442.26% the S&P500.

Anglo Asian Mining Plc (LON:AAZ) Ratings Coverage

Out of 2 analysts covering Anglo Asian Mining PLC (LON:AAZ), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GBX 25 is the highest target while GBX 21 is the lowest. The GBX 25 average target is -20.56% below today’s (GBX 31.47) stock price. Anglo Asian Mining PLC has been the topic of 15 analyst reports since September 22, 2015 according to StockzIntelligence Inc. The stock of Anglo Asian Mining Plc (LON:AAZ) earned “Buy” rating by SP Angel on Friday, September 16. On Wednesday, April 13 the stock rating was maintained by SP Angel with “Hold”. The stock has “Buy” rating given by SP Angel on Thursday, October 13. The firm has “Buy” rating given on Monday, October 17 by SP Angel. The stock has “Speculative Buy” rating given by Beaufort Securities on Wednesday, September 23. The firm earned “Hold” rating on Wednesday, November 11 by SP Angel. The stock of Anglo Asian Mining Plc (LON:AAZ) earned “Speculative Buy” rating by Beaufort Securities on Thursday, October 15. Beaufort Securities maintained the stock with “Speculative Buy” rating in Thursday, April 14 report. As per Monday, September 12, the company rating was maintained by SP Angel. Beaufort Securities maintained Anglo Asian Mining Plc (LON:AAZ) on Friday, January 15 with “Speculative Buy” rating.

Anglo Asian Mining PLC is a United Kingdom based holding company. The company has a market cap of 36.03 million GBP. The Firm is a well-known provider of support and management services to its operating subsidiary R.V. It currently has negative earnings. Investment Group Services LLC .

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