Ariana Resources (LON:AAU) Trading Up 21.3% – Here’s Why

Ariana Resources plc (LON:AAU)’s stock price was up 21.3% during mid-day trading on Thursday . The company traded as high as GBX 1.25 ($0.02) and last traded at GBX 1.21 ($0.02). Approximately 8,329,440 shares changed hands during trading, an increase of 210% from the average daily volume of 2,682,715 shares. The stock had previously closed at GBX 1 ($0.01).

Ariana Resources Stock Performance

The stock has a 50 day moving average of GBX 1.17 and a two-hundred day moving average of GBX 1.56. The stock has a market cap of £23.87 million, a PE ratio of 45,888.89 and a beta of 0.65.

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 (EPS) for the quarter. Analysts expect that Ariana Resources plc will post 0.2 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Michael de Villiers bought 1,783,333 shares of the business’s stock in a transaction on Monday, April 7th. The shares were purchased at an average price of GBX 1 ($0.01) per share, with a total value of £17,833.33 ($24,365.80). 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.