Ariana Resources (LON:AAU) Trading Up 15% – Should You Buy?

Ariana Resources plc (LON:AAU) shares rose 15% on Thursday . The stock traded as high as GBX 1.15 ($0.02) and last traded at GBX 1.15 ($0.02). Approximately 2,534,001 shares were traded during trading, a decline of 4% from the average daily volume of 2,635,212 shares. The stock had previously closed at GBX 1 ($0.01).

Ariana Resources Stock Performance

The firm has a market cap of £23.39 million, a PE ratio of 44,962.96 and a beta of 0.65. The company’s 50-day simple moving average is GBX 1.17 and its two-hundred day simple moving average is GBX 1.56.

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

Insider Transactions at Ariana Resources

In related news, insider Michael de Villiers bought 1,783,333 shares of the company’s stock in a transaction dated Monday, April 7th. The stock was purchased at an average cost of GBX 1 ($0.01) per share, with a total value of £17,833.33 ($24,365.80). Corporate insiders own 43.73% of the company’s stock.

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.