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

Ariana Resources plc (LON:AAUGet Free Report) shot up 8.3% during mid-day trading on Wednesday . The stock traded as high as GBX 1.35 ($0.02) and last traded at GBX 1.30 ($0.02). 6,206,478 shares changed hands during 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 Trading Up 3.4 %

The company has a market capitalization of £24.51 million, a PE ratio of 47,111.11 and a beta of 0.65. The company’s 50 day moving average price is GBX 1.64 and its 200-day moving average price is GBX 1.98.

Insider Buying and Selling at Ariana Resources

In other Ariana Resources news, insider Michael de Villiers purchased 1,783,333 shares of Ariana Resources stock in a transaction on Monday, April 7th. The shares were purchased at an average cost of GBX 1 ($0.01) per share, with a total value of £17,833.33 ($23,661.05). 43.73% of the stock is owned by company insiders.

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.

Further Reading

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