Ariana Resources (LON:AAU) Stock Price Up 25% – Here’s What Happened

Ariana Resources plc (LON:AAU)’s stock price rose 25% during trading on Thursday . The company traded as high as GBX 1.25 ($0.02) and last traded at GBX 1.25 ($0.02). Approximately 5,050,768 shares changed hands during trading, an increase of 90% from the average daily volume of 2,655,841 shares. The stock had previously closed at GBX 1 ($0.01).

Ariana Resources Stock Up 21.4%

The stock’s fifty day moving average price is GBX 1.17 and its 200 day moving average price is GBX 1.56. The stock has a market cap of £23.39 million, a PE ratio of 44,962.96 and a beta of 0.65.

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

Insider Buying and Selling at Ariana Resources

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