Ariana Resources (LON:AAU) Stock Price Up 23.9% – Here’s What Happened

Ariana Resources plc (LON:AAU)’s share price rose 23.9% on Thursday . The stock traded as high as GBX 1.25 ($0.02) and last traded at GBX 1.24 ($0.02). Approximately 8,878,197 shares were traded during trading, an increase of 230% from the average daily volume of 2,687,213 shares. The stock had previously closed at GBX 1 ($0.01).

Ariana Resources Stock Up 11.8%

The firm has a 50 day moving average price of GBX 1.18 and a two-hundred day moving average price of GBX 1.54. The company has a market capitalization of £27.46 million, a price-to-earnings ratio of 52,777.78 and a beta of 0.65.

Ariana Resources (LON:AAU) last announced its earnings results on Tuesday, June 10th. The company reported GBX 0.18 ($0.00) earnings per share for the quarter. Analysts predict that Ariana Resources plc will post 0.2 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Michael de Villiers purchased 1,783,333 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The stock was acquired at an average cost of GBX 1 ($0.01) per share, for a total transaction of £17,833.33 ($24,472.80). Insiders own 43.73% of the company’s stock.

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.