Ariana Resources (LON:AAU) Shares Down 18.9% – Should You Sell?

Ariana Resources plc (LON:AAU)’s stock price fell 18.9% during mid-day trading on Wednesday . The company traded as low as GBX 1.35 ($0.02) and last traded at GBX 1.42 ($0.02). 17,696,854 shares were traded during trading, an increase of 712% from the average session volume of 2,178,565 shares. The stock had previously closed at GBX 1.75 ($0.02).

Ariana Resources Stock Down 1.6 %

The firm has a market capitalization of £26.07 million, a P/E ratio of 50,111.11 and a beta of 0.65. The company has a fifty day simple moving average of GBX 1.83 and a 200 day simple moving average 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.