Ariana Resources plc (LON:AAU – Get Free Report) shares dropped 21.3% on Wednesday . The stock traded as low as GBX 1.35 ($0.02) and last traded at GBX 1.38 ($0.02). Approximately 3,803,881 shares traded hands during mid-day trading, an increase of 96% from the average daily volume of 1,941,360 shares. The stock had previously closed at GBX 1.75 ($0.02).
Ariana Resources Price Performance
The firm’s 50 day moving average price is GBX 1.83 and its 200-day moving average price is GBX 2.06. The firm has a market cap of £26.01 million, a price-to-earnings ratio of 50,000.00 and a beta of 0.65.
Ariana Resources Company Profile
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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