Ariana Resources plc (LON:AAU – Get Free Report)’s share price dropped 18.9% during mid-day trading on Wednesday . The company traded as low as GBX 1.35 ($0.02) and last traded at GBX 1.42 ($0.02). Approximately 17,696,854 shares were traded during trading, an increase of 712% from the average daily volume of 2,178,565 shares. The stock had previously closed at GBX 1.75 ($0.02).
Ariana Resources Trading Down 18.9 %
The firm’s 50-day moving average price is GBX 1.84 and its 200 day moving average price is GBX 2.07. The company has a market cap of £27.36 million, a price-to-earnings ratio of 52,592.59 and a beta of 0.65.
About Ariana Resources
Ariana Resources plc engages in acquisition, exploration, and development of mineral resources in Turkey. The company explores for gold, nickel, cobalt, uranium, zinc, silver, copper, and molybdenum deposits. Its projects include the Kiziltepe Gold-Silver mine and Tavsan gold project located in western Turkey; and Salinbas gold project located in north-eastern Turkey.
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