Ariana Resources (LON:AAU) Shares Up 8.3% – Time to Buy?

Shares of Ariana Resources plc (LON:AAU) were up 8.3% during mid-day trading on Tuesday . The stock traded as high as GBX 1.35 ($0.02) and last traded at GBX 1.30 ($0.02). Approximately 6,206,478 shares traded hands during 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 50-day moving average price of GBX 1.67 and a 200 day moving average price of GBX 1.99. The stock has a market capitalization of £25.05 million, a price-to-earnings ratio of 48,148.15 and a beta of 0.65.

Insider Buying and Selling at Ariana Resources

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

Ariana Resources Company Profile

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.