Ariana Resources plc (LON:AAU) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.00 and traded as low as $2.15. Ariana Resources shares last traded at $2.19, with a volume of 1,418,759 shares.
Separately, Panmure Gordon reissued a “buy” rating on shares of Ariana Resources in a research note on Friday, June 14th.
The firm has a market capitalization of $22.95 million and a price-to-earnings ratio of 10.88. The firm has a 50 day moving average of GBX 2.28.
Ariana Resources plc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of mineral properties in Turkey. It primarily explores for gold, silver, copper, and molybdenum deposits. The company's flagship project is the Red Rabbit project, including the Kiziltepe and Tavsan sectors located in western Turkey.
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