Ariana Resources (LON:AAU) Stock Price Down 14.2% – Here’s What Happened

Ariana Resources plc (LON:AAU) fell 14.2% during trading on Tuesday . The company traded as low as GBX 0.92 ($0.01) and last traded at GBX 0.99 ($0.01). 18,880,707 shares were traded during mid-day trading, an increase of 570% from the average session volume of 2,817,102 shares. The stock had previously closed at GBX 1.15 ($0.01).

Ariana Resources Trading Down 14.2 %

The company has a 50 day simple moving average of GBX 1.77 and a two-hundred day simple moving average of GBX 2.04. The firm has a market capitalization of £19.02 million, a P/E ratio of 36,555.56 and a beta of 0.65.

Insider Buying and Selling at Ariana Resources

In other news, insider Michael de Villiers bought 1,783,333 shares of the stock in a transaction dated Monday, April 7th. The stock was purchased 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 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.