Ariana Resources (LON:AAU) Stock Price Down 19.4% – Here’s What Happened

Ariana Resources plc (LON:AAUGet Free Report) shares dropped 19.4% on Wednesday . The stock traded as low as GBX 1.35 ($0.02) and last traded at GBX 1.41 ($0.02). Approximately 11,316,736 shares traded hands during trading, an increase of 446% from the average daily volume of 2,072,230 shares. The stock had previously closed at GBX 1.75 ($0.02).

Ariana Resources Trading Up 4.4 %

The company has a market capitalization of £27.65 million, a PE ratio of 53,148.15 and a beta of 0.65. The business’s fifty day moving average is GBX 1.83 and its two-hundred day moving average is GBX 2.06.

Ariana Resources Company Profile

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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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