Avesoro Resources Inc. (DI) (ASO)

Sector:

Mining

Index:

FTSE AIM All-Share

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 69.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 205.50p
  • 52 Week Low: 31.50p
  • Currency: UK Pounds
  • Shares Issued: 81.58m
  • Volume: 5,177
  • Market Cap: £56.29m
  • RiskGrade: 752
  • Beta: 0.00

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 69.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 205.50p
52 Week Low 31.50p
Volume 5,177
Shares Issued 81.58m
Market Cap £56.29m
Beta 0.00
RiskGrade 752

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
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Price Trend
3.68% below the market average3.68% below the market average3.68% below the market average3.68% below the market average3.68% below the market average
74.8% below the sector average74.8% below the sector average74.8% below the sector average74.8% below the sector average74.8% below the sector average
Income Not Available
Growth
Market averageMarket averageMarket averageMarket averageMarket average
45.16% above the sector average45.16% above the sector average45.16% above the sector average45.16% above the sector average45.16% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 1
Sell 0
Strong Sell 1
Total 3
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 16-Aug-2019

Time Volume / Share Price
16:06 1,093 @ 69.85p
16:01 1,093 @ 68.10p
15:01 52 @ 68.10p
14:48 50 @ 68.10p
10:02 950 @ 68.10p

ASO Key Personnel

CEO Serhan Umurhan
CFO Geoff Eyre

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