Ariana Resources plc (LON:AAU) Insider Acquires £24,000 in Stock

Ariana Resources plc (LON:AAU) insider Michael de Villiers purchased 2,400,000 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The shares were purchased at an average cost of GBX 1 ($0.01) per share, with a total value of £24,000 ($32,546.79).

Ariana Resources plc (LON AAU) traded up GBX 0.15 ($0.00) during trading hours on Friday, hitting GBX 1.55 ($0.02). 5,269,998 shares of the stock traded hands, compared to its average volume of 1,960,000. Ariana Resources plc has a twelve month low of GBX 1.15 ($0.02) and a twelve month high of GBX 2.26 ($0.03). The company has a market cap of $16.27 and a price-to-earnings ratio of 77.50.

Separately, Beaufort Securities reiterated a “speculative buy” rating on shares of Ariana Resources in a report on Friday, September 29th.

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Ariana Resources Company Profile

Ariana Resources plc is engaged in the acquisition, exploration and development of gold and technology-metals primarily in Turkey and Australia. The Company is focused on the Red Rabbit Gold Project located in the western Turkey, comprising the Kiziltepe and Tavsan sectors. Its projects include Kizilcukur project, Ivrindi project, Demirci project and Salinbas project.

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