Ariana Resources (LON:AAU) Trading Down 19.7% – Here’s Why

Ariana Resources plc (LON:AAUGet Free Report)’s share price traded down 19.7% during trading on Wednesday . The company traded as low as GBX 1.35 ($0.02) and last traded at GBX 1.41 ($0.02). 16,595,080 shares traded hands during mid-day trading, an increase of 668% from the average session volume of 2,160,202 shares. The stock had previously closed at GBX 1.75 ($0.02).

Ariana Resources Stock Down 18.9 %

The stock has a market cap of £27.36 million, a P/E ratio of 52,592.59 and a beta of 0.65. The firm’s 50 day simple moving average is GBX 1.84 and its two-hundred day simple moving average is GBX 2.07.

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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