Ariana Resources (LON:AAU) Shares Up 15.1% – Still a Buy?

Ariana Resources plc (LON:AAU) shares shot up 15.1% during mid-day trading on Monday . The stock traded as high as GBX 1.70 ($0.02) and last traded at GBX 1.61 ($0.02). 4,734,817 shares changed hands during mid-day trading, an increase of 68% from the average session volume of 2,814,044 shares. The stock had previously closed at GBX 1.40 ($0.02).

Ariana Resources Trading Down 1.4%

The company has a market capitalization of £34.20 million, a price-to-earnings ratio of 65,740.74 and a beta of 0.65. The firm’s 50 day simple moving average is GBX 1.22 and its 200-day simple moving average is GBX 1.49.

Ariana Resources (LON:AAU) last posted its quarterly earnings results on Tuesday, June 10th. The company reported GBX 0.18 ($0.00) earnings per share for the quarter. As a group, sell-side analysts forecast that Ariana Resources plc will post 0.2 EPS for the current fiscal year.

About Ariana Resources

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.