Ariana Resources (LON:AAU) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Ariana Resources plc (LON:AAU)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2.24 ($0.03) and traded as low as GBX 1.80 ($0.02). Ariana Resources shares last traded at GBX 1.84 ($0.02), with a volume of 2,965,424 shares.

Ariana Resources Trading Down 4.5 %

The stock has a market capitalization of £33.64 million, a PE ratio of 335.00 and a beta of 0.65. The business’s 50 day moving average is GBX 2.37 and its 200 day moving average is GBX 2.24.

Ariana Resources Company Profile

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.