Shares of Ariana Resources plc (LON:AAU) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.08 and traded as low as $1.91. Ariana Resources shares last traded at $1.95, with a volume of 1,177,677 shares.
Separately, Panmure Gordon reaffirmed a “buy” rating on shares of Ariana Resources in a research report on Friday, June 14th.
The stock has a market capitalization of $21.46 million and a P/E ratio of 5.06. The firm has a 50-day moving average of GBX 2.17 and a 200 day moving average of GBX 2.08.
About Ariana Resources (LON:AAU)
Ariana Resources plc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of mineral properties in Turkey. It primarily explores for gold, silver, copper, and molybdenum deposits. The company's flagship project is the Red Rabbit project, including the Kiziltepe and Tavsan sectors located in western Turkey.
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