Ariana Resources (LON:AAU) Stock Price Up 11.8% – What’s Next?

Ariana Resources plc (LON:AAU) shot up 11.8% on Saturday . The stock traded as high as GBX 1.52 ($0.02) and last traded at GBX 1.43 ($0.02). 20,150,590 shares changed hands during trading, an increase of 603% from the average session volume of 2,864,480 shares. The stock had previously closed at GBX 1.28 ($0.02).

Ariana Resources Trading Up 11.8%

The company has a fifty day simple moving average of GBX 1.18 and a two-hundred day simple moving average of GBX 1.53. The company has a market cap of £27.46 million, a PE ratio of 52,777.78 and a beta of 0.65.

Ariana Resources (LON:AAU) last released its quarterly earnings data on Tuesday, June 10th. The company reported GBX 0.18 ($0.00) EPS for the quarter. On average, research analysts anticipate that Ariana Resources plc will post 0.2 EPS for the current fiscal year.

Insider Activity

In other news, insider Michael de Villiers bought 1,783,333 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The stock was purchased at an average cost of GBX 1 ($0.01) per share, with a total value of £17,833.33 ($24,466.09). Company insiders own 43.73% of the company’s stock.

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.