Ariana Resources (LON:AAU) Trading Down 18.9% – Here’s Why

Ariana Resources plc (LON:AAUGet Free Report) was down 18.9% during mid-day trading on Wednesday . The stock traded as low as GBX 1.35 ($0.02) and last traded at GBX 1.42 ($0.02). Approximately 17,696,854 shares changed hands 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 Price Performance

The firm has a market capitalization of £27.36 million, a price-to-earnings ratio of 52,592.59 and a beta of 0.65. The business’s fifty day simple moving average is GBX 1.83 and its 200 day simple moving average is GBX 2.07.

About Ariana Resources

(Get Free Report)

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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