A closer look at recent updates of two stocks: Ariana Resources Plc & NQ Minerals Plc

A closer look at recent updates of two stocks: Ariana Resources Plc & NQ Minerals Plc

Ariana Resources Plc

Ariana Resources Plc (LON: AAU) is a gold & silver exploration and development company which develops resources through joint ventures. The company has a JV in Turkey, which is the biggest gold producer in Europe. Through this joint venture, the company wants to increase gold production of 50,000 oz gold per annum. The company’s Salinbas Project is also under exploration and development which has a possible multi-million-ounce gold and base-metal deposit. The company mainly operates in Turkey which produced 27.1 tonnes gold in 2018 through 15 active gold mines. The company’s strategy is to create robust & cost-effective gold exploration, advancement and production.

News Updates

On 09th December 2019, the company announced the due diligence update on drilling by Proccea Construction Co. on the Salinbas Gold Project which is located in Turkey.

On 03rd December 2019, the company announced that post purchase of 460,000 ordinary shares Stephen Bingham held 32.1 million shares in the company, which is 3.03% of the total issued share capital.

On 02nd December 2019, the company announced its acquisition, through the earn-in agreement of up to 50% of Venus Minerals Ltd.

Financial highlights

On 30th September 2019, the company announced its half-yearly financial report for the period ended 30 June 2019 through a press release. The company reported that the operating loss decreased from £0.9 million in the first half of last year to £0.72 million in the first half of the current year. The company reported that the profit before tax increased from £0.31 million in the first half of last year to £2.3 million in the first half of the current year. The company reported an increase in the reported total comprehensive profit to £1.2 million in the current period ended on 30th June 2019 from the loss of £0.63 million for the corresponding period ended on 30th June 2018.

The basic earnings per share of the company stood at 0.22 pence the first half of the fiscal year 2019 versus 0.03 pence in H1 FY2018.

Share Price Performance

On 10th December 2019, at 10:37 AM GMT, while writing, AAU was reported to be trading at GBX 2.2 per share on the LSE, a decrease of 4.35 per cent or GBX 0.10 per share, as compared to the previous day’s closing price, which was reported to be at GBX 2.30 per share.

On 25th November 2019, the shares of AAU had touched a new peak of GBX 2.98 and reached the lowest price level of GBX 1.45 on 02nd January 2019 in the last 52 weeks. The company’s shares were trading at 26.17 per cent lower from the 52-week high price mark and 51.72 per cent higher than the 52-week low price mark at the current trading level. The company’s market capitalisation (M-Cap) was reportedly valued to be at GBP 24.37 million concerning the share’s current market price.

The share outstanding of the AAU share has been reported to be at 1.06 billion.

The beta of the AAU share was reported to be at 0.42. It means that the company’s share price movement has lower volatility in its trend, as compared to the benchmark market index’s movement.

NQ Minerals PLC

NQ Minerals Plc (NXX: NQMI) is a metals exploration and producer company which is functioning in Tasmania, Australia. In 2017, the company acquired the Hellyer Goldmine which is located in Tasmania and established the existence of more than eight million tonnes of reserves.  The company has initiated recycling of high-grade tailings. Additionally, the company was listed on the London Stock Exchange in 2015 when it was in possession of a portfolio of gold and silver assets in Northern Queensland.

Trading Updates

On 4th December 2019, the company announced that November 2019 month was a great month for the production with an unaudited net profit before tax at AUS $2.44 million on revenues of AUS $5.64 million.

Financial highlights

On 27th September 2019, the company announced its half-yearly financial report for the period ended 30 June 2019 through a press release. The company reported that the revenue increased from £3.2 million from the 12 months to 31 December 2018 to £14.1 million in the first half of the current year. The company reported that the gross profit increased from a loss of £1.9 million in 12 months to 31 December 2018 to £3.4 million in the first half of the current year. The company reported an increase in the loss for the period from £9.35 million for the corresponding period ended on 30th June 2018 to £17.6 million for the current period ended on 30th June 2019.

The basic earnings per share of the company stood at a loss of 5.49 pence the first half of the fiscal year 2019 versus a loss of 3.15 pence in H1 FY2018.

(Source: Company Website)

Share Price Performance

On 10th December 2019, at 12:27 PM GMT, while writing, NQMI was reported to be trading at GBX 7.50 per share.

On 11th December 2018, the shares of NQMI have touched a new peak of GBX 11.00 and reached the lowest price level of GBX 1.15 on 20th September 2019 in the last 52 weeks. The company’s shares were trading at 31.8 per cent lower from the 52-week high price mark and 552.2 per cent higher than the 52-week low price mark at the current trading level. The company’s market capitalisation (M-Cap) was reportedly valued to be at GBP 24.4 million concerning the share’s current market price.

The share outstanding of the NQMI share has been reported to be at 325.27 million.

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