Ariana Resources (LON:AAU) Shares Down 21.3% – Time to Sell?

Ariana Resources plc (LON:AAUGet Free Report) shares traded down 21.3% during mid-day trading on Wednesday . The stock traded as low as GBX 1.35 ($0.02) and last traded at GBX 1.38 ($0.02). 3,803,881 shares changed hands during mid-day trading, an increase of 96% from the average session volume of 1,941,360 shares. The stock had previously closed at GBX 1.75 ($0.02).

Ariana Resources Stock Performance

The company has a market cap of £27.75 million, a price-to-earnings ratio of 53,333.33 and a beta of 0.65. The business has a fifty day moving average price of GBX 1.84 and a 200 day moving average price of GBX 2.07.

About Ariana Resources

(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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