Ariana Resources (LON:AAU) Stock Price Down 18.9% – Time to Sell?

Ariana Resources plc (LON:AAUGet Free Report)’s share price traded 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). 17,696,854 shares were traded during trading, an increase of 712% from the average session volume of 2,178,565 shares. The stock had previously closed at GBX 1.75 ($0.02).

Ariana Resources Stock Performance

The business’s fifty day simple moving average is GBX 1.83 and its 200 day simple moving average is GBX 2.06. The stock has a market cap of £26.07 million, a price-to-earnings ratio of 50,111.11 and a beta of 0.65.

Ariana Resources Company Profile

(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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