Ariana Resources (LON:AAU) Shares Down 19.1% – What’s Next?

Ariana Resources plc (LON:AAUGet Free Report) traded down 19.1% 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 capitalization of £27.13 million, a P/E ratio of 52,148.15 and a beta of 0.65. The stock has a 50-day moving average price of GBX 1.84 and a two-hundred day moving average price of GBX 2.07.

About Ariana Resources

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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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