Anglogold Ashanti Stock Falls On Unusually High Volume (AU)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Anglogold Ashanti (NYSE: AU) is trading at unusually high volume Friday with 9.2 million shares changing hands. It is currently at 3.6 times its average daily volume and trading down 36 cents (-2%) at $17.20 as of 2:31 p.m. ET.

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Anglogold Ashanti has a market cap of $6.81 billion and is part of the basic materials sector and metals & mining industry. Shares are down 43.6% year to date as of the close of trading on Thursday.

AngloGold Ashanti Limited engages in the exploration, production, and marketing of gold. It also produces by-products, such as silver, uranium, and sulfuric acid. The company has a P/E ratio of 11, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Anglogold Ashanti as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and generally higher debt management risk. You can view the full Anglogold Ashanti Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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