Ariana Resources (LON:AAU) Shares Pass Below 200 Day Moving Average – Here’s Why

Shares of Ariana Resources plc (LON:AAUGet Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1.54 and traded as low as GBX 1.36. Ariana Resources shares last traded at GBX 1.45, with a volume of 5,019,254 shares.

Ariana Resources Trading Down 2.8%

The business’s fifty day moving average is GBX 1.55 and its 200 day moving average is GBX 1.54. The company has a market cap of £32.97 million, a P/E ratio of 10.85 and a beta of 0.65.

Ariana Resources (LON:AAUGet Free Report) last released its earnings results on Monday, September 29th. The company reported GBX 0.01 earnings per share (EPS) for the quarter. As a group, research analysts expect that Ariana Resources plc will post 0.2 EPS for the current fiscal year.

About Ariana Resources

(Get Free Report)

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.

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