Ariana Resources (LON:AAU) Trading Down 18.9% – Should You Sell?

Shares of Ariana Resources plc (LON:AAUGet Free Report) fell 18.9% on Wednesday . The stock traded as low as GBX 1.35 ($0.02) and last traded at GBX 1.42 ($0.02). 17,696,854 shares were traded during mid-day trading, an increase of 712% from the average session volume of 2,178,565 shares. The stock had previously closed at GBX 1.75 ($0.02).

Ariana Resources Price Performance

The firm has a fifty day moving average of GBX 1.84 and a two-hundred day moving average of GBX 2.07. The stock has a market capitalization of £27.36 million, a P/E ratio of 52,592.59 and a beta of 0.65.

Ariana Resources Company Profile

(Get Free Report)

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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