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

Ariana Resources plc (LON:AAU)’s stock price dropped 14.2% on Tuesday . The company traded as low as GBX 0.92 ($0.01) and last traded at GBX 0.99 ($0.01). Approximately 18,880,707 shares were traded during 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 Performance

The stock’s fifty day moving average price is GBX 1.74 and its 200-day moving average price is GBX 2.02. The firm has a market cap of £19.94 million, a PE ratio of 38,333.33 and a beta of 0.65.

Insiders Place Their Bets

In other news, insider Michael de Villiers bought 1,783,333 shares of the firm’s stock in a transaction 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 currently owned by company 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.