Ariana Resources (LON:AAU) Stock Price Up 3.3% – Time to Buy?

Ariana Resources plc (LON:AAU)’s stock price rose 3.3% during mid-day trading on Tuesday . The company traded as high as GBX 1.80 ($0.02) and last traded at GBX 1.74 ($0.02). Approximately 8,206,510 shares traded hands during trading, an increase of 168% from the average daily volume of 3,059,022 shares. The stock had previously closed at GBX 1.68 ($0.02).

Ariana Resources Stock Performance

The business’s 50 day simple moving average is GBX 1.43 and its 200-day simple moving average is GBX 1.49. The company has a market cap of £33.62 million, a price-to-earnings ratio of 64,629.63 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. Research analysts expect that Ariana Resources plc will post 0.2 earnings per share for the current year.

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.