Ariana Resources (LON:AAU) Stock Price Down 19.4% – Here’s Why

Ariana Resources plc (LON:AAUGet Free Report) shares were down 19.4% during trading on Wednesday . The company traded as low as GBX 1.35 ($0.02) and last traded at GBX 1.41 ($0.02). Approximately 8,745,982 shares changed hands during mid-day trading, an increase of 331% from the average daily volume of 2,029,384 shares. The stock had previously closed at GBX 1.75 ($0.02).

Ariana Resources Stock Down 1.8 %

The company has a market capitalization of £26.01 million, a P/E ratio of 50,000.00 and a beta of 0.65. The company has a 50-day moving average of GBX 1.83 and a two-hundred day moving average of GBX 2.06.

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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