Ariana Resources (LON:AAU) Trading Down 2.2% – Should You Sell?

Ariana Resources plc (LON:AAUGet Free Report)’s stock price traded down 2.2% during mid-day trading on Wednesday . The stock traded as low as GBX 2.23 ($0.03) and last traded at GBX 2.25 ($0.03). 1,412,008 shares changed hands during trading, a decline of 14% from the average session volume of 1,642,949 shares. The stock had previously closed at GBX 2.30 ($0.03).

Ariana Resources Trading Down 7.9 %

The firm has a 50 day moving average price of GBX 2.44 and a 200-day moving average price of GBX 2.31. The firm has a market cap of £37.52 million, a price-to-earnings ratio of 335.00 and a beta of 0.65.

About Ariana Resources

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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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