Ariana Resources (LON:AAU) Trading Up 8.3% – Time to Buy?

Ariana Resources plc (LON:AAU) shares rose 8.3% during trading on Wednesday . The stock traded as high as GBX 1.35 ($0.02) and last traded at GBX 1.30 ($0.02). Approximately 6,206,478 shares were traded during mid-day trading, an increase of 108% from the average daily volume of 2,982,399 shares. The stock had previously closed at GBX 1.20 ($0.02).

Ariana Resources Stock Performance

The business’s 50 day moving average is GBX 1.67 and its two-hundred day moving average is GBX 1.99. The firm has a market capitalization of £25.82 million, a PE ratio of 49,629.63 and a beta of 0.65.

Insider Activity

In other news, insider Michael de Villiers purchased 1,783,333 shares of the business’s stock in a transaction on Monday, April 7th. The stock was purchased at an average cost of GBX 1 ($0.01) per share, with a total value of £17,833.33 ($23,601.55). Company 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.