Ariana Resources (LON:AAU) Stock Price Down 14.2% – Here’s What Happened

Ariana Resources plc (LON:AAU) shares dropped 14.2% during mid-day trading on Tuesday . The company traded as low as GBX 0.92 ($0.01) and last traded at GBX 0.99 ($0.01). Approximately 18,880,707 shares changed hands during trading, an increase of 570% from the average daily volume of 2,817,102 shares. The stock had previously closed at GBX 1.15 ($0.01).

Ariana Resources Stock Performance

The firm has a market cap of £19.02 million, a P/E ratio of 36,555.56 and a beta of 0.65. The firm’s fifty day simple moving average is GBX 1.77 and its 200 day simple moving average is GBX 2.04.

Insider Buying and Selling at Ariana Resources

In other Ariana Resources news, insider Michael de Villiers purchased 1,783,333 shares of Ariana Resources stock in a transaction dated Monday, April 7th. The shares were acquired at an average cost of GBX 1 ($0.01) per share, with a total value of £17,833.33 ($22,787.29). Company insiders own 43.73% of the company’s stock.

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.