Ariana Resources plc (LON:AAU – Get Rating)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3.13 ($0.04) and traded as high as GBX 3.50 ($0.04). Ariana Resources shares last traded at GBX 3.35 ($0.04), with a volume of 1,956,555 shares changing hands.
Ariana Resources Trading Up 6.3 %
The stock’s fifty day moving average is GBX 3.27 and its 200 day moving average is GBX 3.13. The company has a market capitalization of £38.40 million and a P/E ratio of 335.00.
Insider Buying and Selling
In related news, insider Michael de Villiers sold 750,000 shares of the stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of GBX 3 ($0.04), for a total transaction of £22,500 ($27,455.77).
About Ariana Resources
Ariana Resources plc engages in acquisition, exploration, and development of mineral resources in Turkey. The company also explores for 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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