Ariana Resources (LON:AAU) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Ariana Resources plc (LON:AAU) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1.55 and traded as low as GBX 1.45. Ariana Resources shares last traded at GBX 1.47, with a volume of 5,622,752 shares traded.

Ariana Resources Trading Up 1.3%

The firm has a market capitalization of £34.35 million, a PE ratio of 11.30 and a beta of 0.65. The firm’s fifty day moving average price is GBX 1.50 and its 200 day moving average price is GBX 1.55.

Ariana Resources (LON:AAU) last issued its earnings results on Monday, September 29th. The company reported GBX 0.01 earnings per share (EPS) for the quarter. On average, analysts predict that Ariana Resources plc will post 0.2 earnings per share for the current year.

About Ariana Resources

Ariana Resources is an AIM-listed mineral exploration and development company with an exceptional track record of creating value for its shareholders through its interests in active mining projects and investments in exploration companies. Its current interests include being a gold producer in Türkiye, a major gold development project in Zimbabwe that will become the Company’s flagship project over time, and copper-gold exploration and development projects across the portfolio.