Ariana Resources (LON:AAU) Trading Down 21.3% – Here’s What Happened

Ariana Resources plc (LON:AAU)’s stock price dropped 21.3% during trading on Wednesday . The stock traded as low as GBX 1.35 ($0.02) and last traded at GBX 1.38 ($0.02). Approximately 3,803,881 shares changed hands during trading, an increase of 96% from the average daily volume of 1,941,360 shares. The stock had previously closed at GBX 1.75 ($0.02).

Ariana Resources Price Performance

The business’s fifty day moving average price is GBX 1.83 and its two-hundred day moving average price is GBX 2.06. The stock has a market capitalization of £26.01 million, a PE ratio of 50,000.00 and a beta of 0.65.

Ariana Resources Company Profile

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.