Ariana Resources (LON:AAU) Trading Down 6.9% – Here’s Why

Ariana Resources plc (LON:AAU) shares dropped 6.9% during mid-day trading on Monday . The company traded as low as GBX 1.56 ($0.02) and last traded at GBX 1.56 ($0.02). Approximately 7,767,542 shares were traded during mid-day trading, an increase of 135% from the average daily volume of 3,309,693 shares. The stock had previously closed at GBX 1.67 ($0.02).

Ariana Resources Trading Down 0.5%

The stock has a 50-day simple moving average of GBX 1.70 and a 200-day simple moving average of GBX 1.44. The company has a market capitalization of £30.46 million, a price-to-earnings ratio of 870.56 and a beta of 0.65.

Ariana Resources (LON:AAU) last announced its earnings results on Monday, September 29th. The company reported GBX 0.01 earnings per share (EPS) for the quarter. On average, research analysts forecast that Ariana Resources plc will post 0.2 EPS for the current year.

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.