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- Aurelia share price has surged by 41.67% in the last five trading sessions.
- In the financial year 2022, the company reported statutory net loss of AU$81.7 million.
- On 29 November 2022, Aurelia shares closed 10% higher at AU$0.16 apiece.
The share price of Aurelia Metals Limited (ASX:AMI) has increased by 54.55% in the past one month, and in the past five trading sessions, the share price has zoomed up by 41.67%. The shares of gold and base metal exploration and mining company have outperformed its benchmark index, ASX 200 Materials (INDEXASX:XMJ), which gained 15.43% in a month and 1.16% in the past five trading sessions.
It is worth mentioning that despite delivering significant gains in the past month, Aurelia shares have tumbled by 60.47% in the past one year and on a year-to-date basis, it has dropped by 59.52%. The share price has decreased by 50.00% in the past six months.
Today (30 November 2022), Aurelia shares were spotted trading at flat AU$0.16 per share with a market capitalisation of AU$204.17 million. Meanwhile, XMJ was up 0.55% at 17,564.30 points.
Recently, the company has shared annual general meeting results for 2022. According to ASX filing, in the financial year 2022:
In the chairman’s address, three leading priorities were specified.
The first one is improving the operating performance to increase cash flows. The objective is to deliver predictable operating performance in line with the guidance of product revenue and volumes and within budget. To achieve these objectives, a team from KPMG has been brought in by Aurelia.
The second strategic priority is leadership renewal. On 18 November 2022, Dan Clifford, CEO and managing director of Aurelia, stepped down, after which the global search began. The key priority of the new CEO will be to unlock value at the Federation project.
Federation funding is the third strategic priority, under which the company is arranging and delivering funding solutions for developing the Federation project. As reported, the company is in discussion with many counterparties and is in the advanced stage of finalising the funding structure. By the first quarter of the calendar year 2023, it is expected that the funding structure will be finalised.
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