Ariana Resources (AAU) Shares Up 8.8%

Ariana Resources plc (LON:AAU) shot up 8.8% on Monday . The stock traded as high as GBX 1.55 ($0.02) and last traded at GBX 1.55 ($0.02). 1,197,597 shares were traded during mid-day trading, a decline of 33% from the average session volume of 1,780,000 shares. The stock had previously closed at GBX 1.43 ($0.02).

In related news, insider Kerim Sener bought 600,000 shares of the company’s stock in a transaction on Tuesday, November 13th. The shares were purchased at an average cost of GBX 1 ($0.01) per share, with a total value of £6,000 ($7,840.06). Also, insider Michael de Villiers purchased 1,000,000 shares of the firm’s stock in a transaction dated Friday, November 2nd. The stock was acquired at an average cost of GBX 1 ($0.01) per share, with a total value of £10,000 ($13,066.77).

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Ariana Resources Company Profile (LON:AAU)

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.

Further Reading: How to use beta for portfolio diversification

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