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

Ariana Resources plc (LON:AAUGet Free Report) 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 Price Performance

The stock has a 50 day moving average price of GBX 2.43 and a 200-day moving average price of GBX 2.26. The stock has a market capitalization of £36.05 million, a price-to-earnings ratio of 335.00 and a beta of 0.65.

About Ariana Resources

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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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