Ariana Resources (LON:AAU) Trading Up 8.3% – Still a Buy?

Ariana Resources plc (LON:AAU) shares were up 8.3% during mid-day trading on Tuesday . The stock traded as high as GBX 1.35 ($0.02) and last traded at GBX 1.30 ($0.02). Approximately 6,206,478 shares were traded during trading, an increase of 108% from the average daily volume of 2,982,399 shares. The stock had previously closed at GBX 1.20 ($0.02).

Ariana Resources Stock Performance

The company has a market cap of £24.51 million, a P/E ratio of 47,111.11 and a beta of 0.65. The stock has a 50-day simple moving average of GBX 1.65 and a 200 day simple moving average of GBX 1.98.

Insiders Place Their Bets

In related news, insider Michael de Villiers acquired 1,783,333 shares of the business’s stock in a transaction on Monday, April 7th. The stock was bought at an average cost of GBX 1 ($0.01) per share, with a total value of £17,833.33 ($23,604.67). Corporate insiders own 43.73% of the company’s stock.

Ariana Resources Company Profile

Ariana Resources is an AIM-listed mineral exploration and development company with an exceptional track record of creating value for its shareholders through its interests in active mining projects and investments in exploration companies. Its current interests include being a gold producer in Türkiye, a major gold development project in Zimbabwe that will become the Company’s flagship project over time, and copper-gold exploration and development projects across the portfolio.