Ariana Resources (LON:AAU) Trading 17.6% Higher – Still a Buy?

Ariana Resources plc (LON:AAU) shares shot up 17.6% on Thursday . The company traded as high as GBX 1.25 ($0.02) and last traded at GBX 1.18 ($0.02). 9,306,811 shares traded hands during mid-day trading, an increase of 246% from the average session volume of 2,690,727 shares. The stock had previously closed at GBX 1 ($0.01).

Ariana Resources Stock Performance

The stock has a market capitalization of £23.89 million, a P/E ratio of 45,925.93 and a beta of 0.65. The business has a 50 day simple moving average of GBX 1.17 and a 200-day simple moving average of GBX 1.56.

Ariana Resources (LON:AAU) last announced its quarterly earnings data on Tuesday, June 10th. The company reported GBX 0.18 ($0.00) earnings per share for the quarter. Equities research analysts forecast that Ariana Resources plc will post 0.2 EPS for the current fiscal year.

Insider Buying and Selling at Ariana Resources

In other Ariana Resources news, insider Michael de Villiers purchased 1,783,333 shares of the firm’s stock in a transaction on Monday, April 7th. The shares were purchased at an average price of GBX 1 ($0.01) per share, for a total transaction of £17,833.33 ($24,365.80). 43.73% of the stock is owned by corporate insiders.

Ariana Resources Company Profile

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.