Ariana Resources (LON:AAU) Trading Up 8.3% – Here’s Why

by · The Cerbat Gem

Shares of Ariana Resources plc (LON:AAU – Get Free Report) shot up 8.3% on Tuesday . The stock traded as high as GBX 1.35 ($0.02) and last traded at GBX 1.30 ($0.02). 6,206,478 shares were traded 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 Stock Performance

The company has a 50 day moving average of GBX 1.67 and a 200 day moving average of GBX 1.99. The firm has a market cap of £25.05 million, a P/E ratio of 48,148.15 and a beta of 0.65.

Insider Activity

In related news, insider Michael de Villiers purchased 1,783,333 shares of the firm’s stock in a transaction on Monday, April 7th. The shares were bought at an average cost of GBX 1 ($0.01) per share, for a total transaction of £17,833.33 ($23,601.55). Insiders own 43.73% of the company’s stock.

About Ariana Resources

(Get Free Report)

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.

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