Shares of Ariana Resources plc (LON:AAU – Get Free Report) dropped 18.9% on Wednesday . The company traded as low as GBX 1.35 ($0.02) and last traded at GBX 1.42 ($0.02). Approximately 17,696,854 shares traded hands during mid-day 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 fifty day simple moving average of GBX 1.84 and a two-hundred day simple moving average of GBX 2.07. The firm has a market capitalization of £27.36 million, a P/E ratio of 52,592.59 and a beta of 0.65.
About Ariana Resources
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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