Ariana Resources plc’s (AAU) Speculative Buy Rating Reiterated at Beaufort Securities
Ariana Resources plc (LON:AAU)‘s stock had its “speculative buy” rating reissued by investment analysts at Beaufort Securities in a report released on Wednesday. They presently have a GBX 2.78 ($0.04) target price on the stock. Beaufort Securities’ target price points to a potential upside of 105.93% from the company’s previous close.
Separately, Shore Capital reaffirmed a “not rated” rating on shares of Ariana Resources plc in a research report on Tuesday, September 5th.
Shares of Ariana Resources plc (LON AAU) remained flat at GBX 1.35 during midday trading on Wednesday. 2,495,356 shares of the stock traded hands. The stock has a 50 day moving average price of GBX 1.42 and a 200 day moving average price of GBX 1.48. The company’s market cap is GBX 14.20 million. Ariana Resources plc has a 1-year low of GBX 1.32 and a 1-year high of GBX 2.26.
Ariana Resources plc 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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