Ariana Resources (LON:AAU) Stock Price Up 12% – What’s Next?

Ariana Resources plc (LON:AAU) shares shot up 12% during trading on Thursday . The stock traded as high as GBX 1.28 ($0.02) and last traded at GBX 1.20 ($0.02). 4,776,317 shares were traded during trading, an increase of 68% from the average session volume of 2,846,742 shares. The stock had previously closed at GBX 1.08 ($0.01).

Ariana Resources Stock Performance

The firm has a market capitalization of £23.60 million, a P/E ratio of 45,370.37 and a beta of 0.65. The stock has a 50-day simple moving average of GBX 1.69 and a two-hundred day simple moving average of GBX 2.

Insider Activity

In other Ariana Resources news, insider Michael de Villiers purchased 1,783,333 shares of the stock in a transaction dated Monday, April 7th. The stock was purchased at an average price of GBX 1 ($0.01) per share, with a total value of £17,833.33 ($23,342.05). Insiders own 43.73% of the company’s stock.

About Ariana Resources

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.