Ariana Resources (LON:AAU) Trading Down 18.9% – Here’s Why

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

Ariana Resources Price Performance

The stock has a market cap of £27.36 million, a PE ratio of 52,592.59 and a beta of 0.65. The stock has a 50-day moving average price of GBX 1.83 and a two-hundred day moving average price of GBX 2.07.

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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