Ariana Resources (LON:AAU) Shares Pass Above Two Hundred Day Moving Average of $3.13

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

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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.