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Ariana Resources (LON:AAU) Stock Price Crosses Above 200 Day Moving Average - Here's Why

Ariana Resources logo with Basic Materials background

Ariana Resources plc (LON:AAU - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2.36 ($0.03) and traded as high as GBX 2.84 ($0.04). Ariana Resources shares last traded at GBX 2.75 ($0.04), with a volume of 1,362,176 shares trading hands.

Ariana Resources Stock Performance

The company's fifty day moving average is GBX 2.08 and its two-hundred day moving average is GBX 2.36. The firm has a market cap of £51.39 million, a price-to-earnings ratio of 335.00 and a beta of 0.65.

About Ariana Resources

(Get Free Report)

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.

Further Reading

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