Ariana Resources (LON:AAU) Trading 15% Higher – Here’s Why

Ariana Resources plc (LON:AAU) shares traded up 15% during mid-day trading on Thursday . The company traded as high as GBX 1.15 ($0.02) and last traded at GBX 1.15 ($0.02). 2,534,001 shares traded hands during mid-day trading, a decline of 4% from the average session volume of 2,635,212 shares. The stock had previously closed at GBX 1 ($0.01).

Ariana Resources Stock Up 21.4%

The stock has a fifty day moving average of GBX 1.17 and a 200-day moving average of GBX 1.56. The stock has a market capitalization of £23.39 million, a price-to-earnings ratio of 44,962.96 and a beta of 0.65.

Ariana Resources (LON:AAU) last announced its quarterly earnings results on Tuesday, June 10th. The company reported GBX 0.18 ($0.00) earnings per share (EPS) for the quarter. On average, equities analysts forecast that Ariana Resources plc will post 0.2 EPS for the current fiscal year.

Insider Activity

In other news, insider Michael de Villiers acquired 1,783,333 shares of the firm’s stock in a transaction dated Monday, April 7th. The stock was acquired at an average cost of GBX 1 ($0.01) per share, with a total value of £17,833.33 ($24,365.80). Corporate 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.