Ariana Resources (LON:AAU) Stock Price Down 19.1% – Here’s Why

Ariana Resources plc (LON:AAUGet Free Report)’s stock price fell 19.1% 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). 6,250,598 shares traded hands during mid-day trading, an increase of 214% from the average session volume of 1,987,794 shares. The stock had previously closed at GBX 1.75 ($0.02).

Ariana Resources Stock Performance

The stock has a market cap of £27.13 million, a P/E ratio of 52,148.15 and a beta of 0.65. The firm has a 50-day moving average price of GBX 1.84 and a 200-day moving average price of GBX 2.07.

About Ariana Resources

(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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