Ariana Resources (LON:AAU) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Ariana Resources plc (LON:AAUGet Free Report)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2.19 ($0.03) and traded as low as GBX 1.65 ($0.02). Ariana Resources shares last traded at GBX 1.69 ($0.02), with a volume of 5,786,762 shares traded.

Ariana Resources Trading Down 3.3 %

The business’s 50-day simple moving average is GBX 2.13 and its 200-day simple moving average is GBX 2.19. The company has a market capitalization of £30.98 million, a PE ratio of 335.00 and a beta of 0.65.

Ariana Resources Company Profile

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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.

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