Ariana Resources (LON:AAU) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Ariana Resources plc (LON:AAUGet Free Report) shares passed 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 ($0.03), with a volume of 583,716 shares changing hands.

Ariana Resources Stock Performance

The stock’s 50 day simple moving average is GBX 2.43 and its 200-day simple moving average is GBX 2.26. The firm has a market cap of £36.05 million, a price-to-earnings ratio of 335.00 and a beta of 0.65.

Ariana Resources Company Profile

(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.

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