Shares of Ariana Resources plc (LON:AAU – Get Free Report) dropped 18.9% during trading on Wednesday . The stock traded as low as GBX 1.35 ($0.02) and last traded at GBX 1.42 ($0.02). Approximately 17,696,854 shares traded hands during mid-day trading, an increase of 712% from the average daily volume of 2,178,565 shares. The stock had previously closed at GBX 1.75 ($0.02).
Ariana Resources Price Performance
The stock has a market cap of £26.07 million, a PE ratio of 50,111.11 and a beta of 0.65. The company’s fifty day moving average is GBX 1.83 and its 200-day moving average is GBX 2.06.
About Ariana Resources
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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