Ariana Resources (LON:AAU) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Ariana Resources plc (LON:AAU)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2.16 ($0.03) and traded as low as GBX 1.70 ($0.02). Ariana Resources shares last traded at GBX 1.73 ($0.02), with a volume of 5,675,613 shares changing hands.

Ariana Resources Stock Up 5.9 %

The company has a market cap of £33.42 million, a P/E ratio of 335.00 and a beta of 0.65. The business has a fifty day simple moving average of GBX 2.02 and a two-hundred day simple moving average of GBX 2.16.

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.