Ariana Resources (LON:AAU) Trading Up 8.3% – Should You Buy?

Ariana Resources plc (LON:AAU)’s share price traded up 8.3% on Tuesday . The company traded as high as GBX 1.35 ($0.02) and last traded at GBX 1.30 ($0.02). 6,206,478 shares traded hands during mid-day 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 Stock Performance

The stock has a market cap of £24.51 million, a P/E ratio of 47,111.11 and a beta of 0.65. The firm’s 50-day moving average is GBX 1.65 and its two-hundred day moving average is GBX 1.98.

Insider Transactions at Ariana Resources

In other news, insider Michael de Villiers acquired 1,783,333 shares of the company’s stock in a transaction on 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 ($23,604.67). 43.73% of the stock is currently owned by corporate insiders.

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.