Ariana Resources (FRA:4A6) Shares Outstanding (Basic Average): 2,177.81 Mil (As of Dec. 2025)


What is Ariana Resources Shares Outstanding (Basic Average)?

Ariana Resources FRA:4A6 Shares Outstanding (Basic Average) is 2,177.81 Mil as of Dec. 2025. The stock has 3 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Ariana Resources's average basic shares outstanding for the quarter that ended in Dec. 2025 was 2,177.81 Mil.

Ariana Resources  (FRA:4A6) Shares Outstanding (Basic Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.

Ariana Resources Shares Outstanding (Basic Average) Related Terms

Ariana Resources Shares Outstanding (Basic Average) Historical Data

* Premium members only.

The historical data trend for Ariana Resources's Shares Outstanding (Basic Average) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ariana Resources Shares Outstanding (Basic Average) Chart

Ariana Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shares Outstanding (Basic Average)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,085.90 1,133.04 1,146.36 1,500.64 2,038.48

Ariana Resources Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Shares Outstanding (Basic Average) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,102.73 1,834.18 1,834.18 1,899.14 2,177.81

Ariana Resources Shares Outstanding (Basic Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (Basic Average) of 2,177.81 Mil mean?
Ariana Resources (FRA:4A6) has a Shares Outstanding (Basic Average) of 2,177.81 Mil as of Dec. 2025. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Ariana Resources and its competitors.
Is Ariana Resources' Shares Outstanding (Basic Average) too high?
Ariana Resources' current Shares Outstanding (Basic Average) is 2,177.81 Mil.
How does Ariana Resources' Shares Outstanding (Basic Average) compare to NEM and AU?
Ariana Resources' Shares Outstanding (Basic Average) of 2,177.81 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (Basic Average) for a Metals & Mining company?
A good Shares Outstanding (Basic Average) depends on the Metals & Mining industry context. However, Shares Outstanding (Basic Average) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Ariana Resources and its competitors. Ariana Resources's current Shares Outstanding (Basic Average) is 2,177.81 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ariana Resources stock overvalued right now?
Ariana Resources (FRA:4A6) has a current Shares Outstanding (Basic Average) of 2,177.81 Mil. The current Shares Outstanding (Basic Average) is 2,177.81 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For Ariana Resources (FRA:4A6), the current Shares Outstanding (Basic Average) is 2,177.81 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Ariana Resources Business Description

Other Exchanges AAU:UKAA2:Australia
Address 45 King William Street, 2nd Floor, Regis House, London, GBR, EC4R 9AN
Ariana Resources PLC is is a technology metals explorer, developer and producer. The company, along with its subsidiaries, focuses on the Dowkegold Project located in western Turkey and has the Salinbas, Tavsan, Ivrindi, and other projects. The group currently identifies one division as an operating segment: mineral exploration. The activities for this operating segment are as follows: Mineral exploration that incorporates the acquisition, exploration, and development of mineral resources.