Avesoro Resources Inc. (DI) (ASO)

Sector:

Mining

 98.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 172.00p
  • 52 Week Low: 31.50p
  • Currency: UK Pounds
  • Shares Issued: 81.58m
  • Volume: 0
  • Market Cap: £80.35m
  • RiskGrade: 239

Avesoro Resources edge lower as adj. EBITDA turns positive

By Andrew Schonberg

Date: Thursday 11 May 2017

LONDON (ShareCast) - (ShareCast News) - Shares in Avesoro Resources edged lower as the West African gold producer recorded first-quarter revenues of $19.7m, and posted its first-ever positive EBITDA.
This revenue was achieved on gold sales of 16,008 ounces, with an average realised gold price of $1231 an ounce.

There was a $17.0m improvement on the prior-quarter adjusted EBITDA to $0.5m. This was the first positive EBITDA in the company's history, it said.

It was largely driven by improvements in mining and processing productivity, operational efficiency and cost savings through the insourcing of core activities.

Mining, processing and operating costs were lower. All-in sustaining costs of $1488 an ounce were down 28% on the prior quarter.

At 11:09 BST, shares in AIM-traded Avesoro were down 1.15% to 2.15p each.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ASO Market Data

Currency UK Pounds
Share Price 98.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 172.00p
52 Week Low 31.50p
Volume 0
Shares Issued 81.58m
Market Cap £80.35m
RiskGrade 239

ASO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
61.02% below the sector average61.02% below the sector average61.02% below the sector average61.02% below the sector average61.02% below the sector average
Price Trend
3.13% below the market average3.13% below the market average3.13% below the market average3.13% below the market average3.13% below the market average
11.29% above the sector average11.29% above the sector average11.29% above the sector average11.29% above the sector average11.29% above the sector average
Income Not Available
Growth
Market averageMarket averageMarket averageMarket averageMarket average
43.33% above the sector average43.33% above the sector average43.33% above the sector average43.33% above the sector average43.33% above the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 2
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ASO Dividends

No dividends found

Trades for --2019

Time Volume / Share Price
0 @ 0.000p

ASO Key Personnel

CEO Serhan Umurhan
CFO Geoff Eyre

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