Ariana Resources (LON:AAU) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of Ariana Resources plc (LON:AAUGet Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2.34 ($0.03) and traded as high as GBX 2.48 ($0.03). Ariana Resources shares last traded at GBX 2.35 ($0.03), with a volume of 2,069,152 shares traded.

Ariana Resources Price Performance

The firm has a 50 day moving average of GBX 2.24 and a two-hundred day moving average of GBX 2.34. The stock has a market cap of £43.01 million, a PE ratio of 335.00 and a beta of 0.65.

About Ariana Resources

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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.

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