Ariana Resources (LON:AAU) Shares Down 14.2% – Should You Sell?

Ariana Resources plc (LON:AAU)’s share price was down 14.2% during trading on Wednesday . The stock traded as low as GBX 0.92 ($0.01) and last traded at GBX 0.99 ($0.01). Approximately 18,880,707 shares traded hands during mid-day trading, an increase of 570% from the average daily volume of 2,817,102 shares. The stock had previously closed at GBX 1.15 ($0.01).

Ariana Resources Stock Up 5.0 %

The firm has a market capitalization of £20.23 million, a PE ratio of 38,888.89 and a beta of 0.65. The stock has a 50-day simple moving average of GBX 1.74 and a 200-day simple moving average of GBX 2.02.

Insider Transactions at Ariana Resources

In other Ariana Resources news, insider Michael de Villiers purchased 1,783,333 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The shares were bought at an average cost of GBX 1 ($0.01) per share, for a total transaction of £17,833.33 ($22,787.29). 43.73% of the stock is owned by corporate insiders.

Ariana Resources Company Profile

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.