Ariana Resources (LON:AAU) Shares Up 11.8% – Here’s What Happened

Ariana Resources plc (LON:AAU)’s stock price was 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). Approximately 20,150,590 shares traded hands during mid-day trading, an increase of 603% from the average daily volume of 2,864,480 shares. The stock had previously closed at GBX 1.28 ($0.02).

Ariana Resources Trading Up 11.8%

The stock has a market capitalization of £27.46 million, a P/E ratio of 52,777.78 and a beta of 0.65. The company’s 50-day moving average is GBX 1.18 and its two-hundred day moving average is GBX 1.54.

Ariana Resources (LON:AAU) last issued its quarterly earnings data on Tuesday, June 10th. The company reported GBX 0.18 ($0.00) earnings per share for the quarter. Sell-side analysts expect that Ariana Resources plc will post 0.2 EPS for the current fiscal year.

Insider Activity at Ariana Resources

In other news, insider Michael de Villiers acquired 1,783,333 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The shares were purchased at an average cost of GBX 1 ($0.01) per share, for a total transaction of £17,833.33 ($24,472.80). 43.73% of the stock is currently owned by insiders.

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.