Ariana Resources (LON:AAU) Shares Down 3.8% – Time to Sell?

Ariana Resources plc (LON:AAUGet Free Report) traded down 3.8% during mid-day trading on Wednesday . The company traded as low as GBX 1.93 and last traded at GBX 2. 4,719,244 shares were traded during mid-day trading, a decline of 51% from the average session volume of 9,557,835 shares. The stock had previously closed at GBX 2.08.

Ariana Resources Stock Performance

The firm has a fifty day simple moving average of GBX 1.56 and a 200 day simple moving average of GBX 1.62. The company has a market capitalization of £46.77 million, a PE ratio of 15.38 and a beta of 0.65.

Ariana Resources Company Profile

(Get Free Report)

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.

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