Up 54% in a month, what’s driving Aurelia’s (ASX:AMI) share prices higher? - Kalkine Media

November 30, 2022 11:16 AM AEDT | By Sonal Goyal
Follow us on Google News:


  • 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.

What’s the reason behind the surge in Aurelia’s share price?

Recently, the company has shared annual general meeting results for 2022. According to ASX filing, in the financial year 2022:

  • The revenue of the company increased to AU$439 million from AU$416 million.
  • EBITDA increased to AU$166 million from AU$154 million.
  • Net cash flow from the operations grew from AU$137 million to AU$154 million.
  • During the year, the company reported a statutory net loss of AU$81.7 million and an underlying net loss of AU$1.4 million.

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.


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

Top ASX Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK