Arian Resources Corp (TSXV: ARC), a junior precious metal miner, rallied with strong momentum after climbing more than 11% in each of the past two consecutive trading days with significant number of shares exchanging hands and the stock broke the long term 200-DMA signaling an uptrend. During the last session, ARC was among the top performer in the Canadian diversified mining sector having gained 25% breaking the 200-DMA of C$0.12 and closed at C$0.13 while recording significant volumes of 574,977 shares. Moreover, the stock is also featured in the smallcap top weekly gainers after rallying 31.6% last week with 346,955 shares. It accumulated gains of over 67% in the past one month with daily average trading volumes of 223,232 shares, while the stock is up 78% year-to-date.
Company Description:
Arian Resources Corp (TSXV: ARC) is a diversified minerals exploration company.
1-Year Stock Chart:
Source: Bloomberg
