Ariana Resources (LON:AAU) Trading 13.7% Higher – Should You Buy?

Ariana Resources plc (LON:AAU) shares traded up 13.7% during trading on Friday . The company traded as high as GBX 1.49 ($0.02) and last traded at GBX 1.45 ($0.02). 11,366,357 shares traded hands during mid-day trading, an increase of 307% from the average session volume of 2,793,063 shares. The stock had previously closed at GBX 1.28 ($0.02).

Ariana Resources Stock Performance

The company has a market cap of £28.42 million, a P/E ratio of 54,629.63 and a beta of 0.65. The business’s 50-day moving average price is GBX 1.18 and its 200 day moving average price is GBX 1.55.

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

Insider Activity

In related news, insider Michael de Villiers acquired 1,783,333 shares of the company’s stock in a transaction dated Monday, April 7th. The shares were bought at an average cost of GBX 1 ($0.01) per share, with a total value of £17,833.33 ($24,472.80). 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.