Ariana Resources (LON:AAU) Shares Down 19.7% – Here’s What Happened

Ariana Resources plc (LON:AAUGet Free Report)’s share price was down 19.7% on Wednesday . The company traded as low as GBX 1.35 ($0.02) and last traded at GBX 1.41 ($0.02). Approximately 16,595,080 shares traded hands during mid-day trading, an increase of 668% from the average daily volume of 2,160,202 shares. The stock had previously closed at GBX 1.75 ($0.02).

Ariana Resources Price Performance

The stock has a market cap of £26.07 million, a PE ratio of 50,111.11 and a beta of 0.65. The stock has a 50-day simple moving average of GBX 1.83 and a 200-day simple moving average of GBX 2.06.

About Ariana Resources

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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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