Ariana Resources (LON:AAU) Trading 8.3% Higher – Still a Buy?

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

Ariana Resources Trading Up 8.3 %

The firm has a market capitalization of £25.05 million, a price-to-earnings ratio of 48,148.15 and a beta of 0.65. The business has a 50-day moving average price of GBX 1.67 and a two-hundred day moving average price of GBX 1.99.

Insiders Place Their Bets

In other Ariana Resources news, insider Michael de Villiers acquired 1,783,333 shares of Ariana Resources stock in a transaction dated Monday, April 7th. The stock was bought at an average price of GBX 1 ($0.01) per share, for a total transaction of £17,833.33 ($23,601.55). 43.73% of the stock is currently owned by insiders.

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.