Alien Metals Limited reports an operating loss of US$0.6 million in H1 FY19

  • Sep 30, 2019 BST
  • Team Kalkine
  • Alien Metals Limited (UFO) has announced its financial results for the six months ended 30 June 2019.
  • Company’s total assets remained unchanged as of H1 FY18 level at US$1.2 million, though the cash declined in the reported first half to US$0.4 million as compared to US$0.7 million in H1FY18.
  • During the reported period the company made an operating loss of US$0.6 million as compared to an operating loss US$1.1 million in the H1 FY18.
  • The first half of the fiscal witnessed significant work carried out at the company’s Donovan 2 project.
  • On 30th September 2019, at the time of writing, GMT 08:09 AM, UFO shares were trading at GBX 0.149, up by 0.004 points or 2.76% against the previous day closing price.

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