Ariana Resources (LON:AAU) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Ariana Resources plc (LON:AAUGet Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2.27 ($0.03) and traded as low as GBX 1.90 ($0.02). Ariana Resources shares last traded at GBX 1.99 ($0.02), with a volume of 583,716 shares changing hands.

Ariana Resources Stock Performance

The stock’s fifty day simple moving average is GBX 2.43 and its two-hundred day simple moving average is GBX 2.27. The company has a market capitalization of £36.40 million, a price-to-earnings 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.

Further Reading

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