Ariana Resources (LON:AAU) Shares Down 4.1% – What’s Next?

Ariana Resources plc (LON:AAU) shares were down 4.1% during mid-day trading on Friday . The stock traded as low as GBX 1.84 ($0.02) and last traded at GBX 1.87 ($0.02). Approximately 10,096,971 shares were traded during mid-day trading, an increase of 190% from the average daily volume of 3,482,170 shares. The stock had previously closed at GBX 1.95 ($0.03).

Ariana Resources Trading Down 7.7%

The business has a 50-day moving average price of GBX 1.69 and a two-hundred day moving average price of GBX 1.44. The stock has a market capitalization of £42.09 million, a P/E ratio of 1,384.62 and a beta of 0.65.

Ariana Resources (LON:AAU) last posted its quarterly earnings results on Monday, September 29th. The company reported GBX 0.01 EPS for the quarter. On average, sell-side analysts forecast that Ariana Resources plc will post 0.2 earnings per share for the current fiscal year.

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.