Ariana Resources (LON:AAU) Trading 8.3% Higher – Here’s Why

Ariana Resources plc (LON:AAU)’s share price was up 8.3% during mid-day trading on Tuesday . The company traded as high as GBX 1.35 ($0.02) and last traded at GBX 1.30 ($0.02). Approximately 6,206,478 shares changed hands during mid-day trading, an increase of 108% from the average daily volume of 2,982,399 shares. The stock had previously closed at GBX 1.20 ($0.02).

Ariana Resources Trading Up 8.3 %

The stock has a market cap of £25.05 million, a P/E ratio of 48,148.15 and a beta of 0.65. The company has a 50 day simple moving average of GBX 1.68 and a 200 day simple moving average of GBX 1.99.

Insider Activity at Ariana Resources

In related news, insider Michael de Villiers acquired 1,783,333 shares of the company’s stock in a transaction dated Monday, April 7th. The shares were bought at an average price of GBX 1 ($0.01) per share, for a total transaction of £17,833.33 ($23,601.55). 43.73% of the stock is owned by insiders.

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.