Ariana Resources (LON:AAU) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of Ariana Resources plc (LON:AAU) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1.55 and traded as low as GBX 1.45. Ariana Resources shares last traded at GBX 1.47, with a volume of 5,622,752 shares.

Ariana Resources Trading Up 1.3%

The company’s 50-day moving average is GBX 1.50 and its 200 day moving average is GBX 1.55. The stock has a market capitalization of £34.35 million, a PE ratio of 11.30 and a beta of 0.65.

Ariana Resources (LON:AAU) last released its earnings results on Monday, September 29th. The company reported GBX 0.01 earnings per share for the quarter. Sell-side analysts forecast that Ariana Resources plc will post 0.2 EPS for the current fiscal year.

About Ariana Resources

Ariana Resources is an AIM-listed mineral exploration and development company with an exceptional track record of creating value for its shareholders through its interests in active mining projects and investments in exploration companies. Its current interests include being a gold producer in Türkiye, a major gold development project in Zimbabwe that will become the Company’s flagship project over time, and copper-gold exploration and development projects across the portfolio.