Ariana Resources (LON:AAU) Shares Down 17.4% – Here’s What Happened

Ariana Resources plc (LON:AAU)’s share price was down 17.4% during mid-day trading on Wednesday . The company traded as low as GBX 1.35 ($0.02) and last traded at GBX 1.45 ($0.02). Approximately 14,686,797 shares changed hands during mid-day trading, an increase of 590% from the average daily volume of 2,128,398 shares. The stock had previously closed at GBX 1.75 ($0.02).

Ariana Resources Trading Up 3.6 %

The firm has a market cap of £27.44 million, a PE ratio of 52,740.74 and a beta of 0.65. The company has a 50 day moving average price of GBX 1.83 and a 200 day moving average price of GBX 2.06.

Ariana Resources Company Profile

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.