Ariana Resources (LON:AAU) Trading 17.6% Higher – Time to Buy?

Ariana Resources plc (LON:AAU) shares shot up 17.6% on Thursday . The company traded as high as GBX 1.25 ($0.02) and last traded at GBX 1.18 ($0.02). 9,306,811 shares changed hands during mid-day trading, an increase of 246% from the average session volume of 2,690,727 shares. The stock had previously closed at GBX 1 ($0.01).

Ariana Resources Trading Up 24.0%

The stock has a market cap of £23.89 million, a price-to-earnings ratio of 45,925.93 and a beta of 0.65. The company has a fifty day simple moving average of GBX 1.17 and a 200-day simple moving average of GBX 1.56.

Ariana Resources (LON:AAU) last released its earnings results on Tuesday, June 10th. The company reported GBX 0.18 ($0.00) earnings per share for the quarter. As a group, analysts anticipate that Ariana Resources plc will post 0.2 earnings per share for the current year.

Insider Activity

In other Ariana Resources news, insider Michael de Villiers bought 1,783,333 shares of the stock in a transaction on Monday, April 7th. The shares were bought at an average price of GBX 1 ($0.01) per share, with a total value of £17,833.33 ($24,365.80). Corporate 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.