Ariana Resources (LON:AAU) Trading Up 8.3% – What’s Next?

Shares of Ariana Resources plc (LON:AAU) traded up 8.3% on Wednesday . The company traded as high as GBX 1.35 ($0.02) and last traded at GBX 1.30 ($0.02). 6,206,478 shares changed hands during trading, an increase of 108% from the average session volume of 2,982,399 shares. The stock had previously closed at GBX 1.20 ($0.02).

Ariana Resources Stock Up 3.4 %

The firm has a market cap of £24.51 million, a P/E ratio of 47,111.11 and a beta of 0.65. The business’s 50 day moving average is GBX 1.64 and its 200-day moving average is GBX 1.98.

Insider Transactions at Ariana Resources

In other news, insider Michael de Villiers acquired 1,783,333 shares of Ariana Resources stock in a transaction that occurred on Monday, April 7th. The shares were purchased at an average cost of GBX 1 ($0.01) per share, for a total transaction of £17,833.33 ($23,661.05). Corporate insiders own 43.73% of the company’s stock.

About Ariana Resources

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.