Ariana Resources (LON:AAU) Stock Price Down 18.9% – Here’s What Happened

Ariana Resources plc (LON:AAUGet Free Report)’s share price fell 18.9% during mid-day trading on Thursday . The company traded as low as GBX 1.35 ($0.02) and last traded at GBX 1.42 ($0.02). 17,696,854 shares changed hands during mid-day trading, an increase of 712% from the average session volume of 2,178,565 shares. The stock had previously closed at GBX 1.75 ($0.02).

Ariana Resources Trading Down 1.6 %

The stock has a market capitalization of £26.07 million, a price-to-earnings ratio of 50,111.11 and a beta of 0.65. The firm’s fifty day moving average price is GBX 1.82 and its 200 day moving average price is GBX 2.06.

About Ariana Resources

(Get Free Report)

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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