Ariana Resources (LON:AAU) Trading Down 6.9% – What’s Next?

Shares of Ariana Resources plc (LON:AAU) were down 6.9% on Tuesday . The stock 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 Stock Performance

The stock has a market cap of £31.24 million, a P/E ratio of 892.78 and a beta of 0.65. The business has a 50 day simple moving average of GBX 1.70 and a 200-day simple moving average of GBX 1.44.

Ariana Resources (LON:AAU) last issued its quarterly earnings results on Monday, September 29th. The company reported GBX 0.01 earnings per share for the quarter. On average, sell-side analysts predict that Ariana Resources plc will post 0.2 earnings per share for the current fiscal 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.