Ariana Resources (LON:AAU) Stock Price Down 18.9% – Here’s What Happened

Shares of Ariana Resources plc (LON:AAUGet Free Report) traded down 18.9% on Wednesday . The company traded as low as GBX 1.35 ($0.02) and last traded at GBX 1.42 ($0.02). 17,696,854 shares traded hands during mid-day trading, an increase of 712% from the average session volume of 2,178,565 shares. The stock had previously closed at GBX 1.75 ($0.02).

Ariana Resources Stock Down 18.9 %

The stock has a market capitalization of £27.36 million, a PE ratio of 52,592.59 and a beta of 0.65. The stock has a fifty day moving average of GBX 1.84 and a 200-day moving average of GBX 2.07.

Ariana Resources Company Profile

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Ariana Resources plc engages in acquisition, exploration, and development of mineral resources in Turkey. The company explores for gold, nickel, cobalt, uranium, zinc, silver, copper, and molybdenum deposits. Its projects include the Kiziltepe Gold-Silver mine and Tavsan gold project located in western Turkey; and Salinbas gold project located in north-eastern Turkey.

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