Aterian (LON:ATN) Releases Quarterly Earnings Results

Aterian (LON:ATN) posted its quarterly earnings data on Wednesday. The company reported GBX (3.23) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Aterian had a negative net margin of 1,832.73% and a negative return on equity of 125.18%.

Aterian Stock Down 6.1%

LON:ATN traded down GBX 1.49 on Thursday, reaching GBX 23.01. 57,286 shares of the company’s stock were exchanged, compared to its average volume of 164,266. The firm has a market capitalization of £4.40 million, a price-to-earnings ratio of -1.52 and a beta of 0.12. The business has a fifty day moving average of GBX 25.93 and a 200-day moving average of GBX 25.61. Aterian has a 52-week low of GBX 20 and a 52-week high of GBX 40.

Aterian Company Profile

Aterian plc is an LSE-listed exploration and development company with a diversified African portfolio of critical and strategic metals/minerals projects.

Aterian plc is actively seeking to acquire and develop new critical and strategic metal resources to strengthen its existing asset base whilst supporting ethical and sustainable supply chains as the world transitions to a sustainable, renewable future. The supply of these metals is vital for the development of the renewable energy, automotive and electronic manufacturing sectors that are playing an increasing role in reducing carbon emissions and meeting climate ambitions globally.

The Company recently entered into a joint venture agreement with Rio Tinto Mining and Exploration Limited for Rio Tinto to earn into the HCK project in southern Rwanda and holds two further partnerships in Rwanda exploring and developing lithium-tantalum-niobium-tin mining operations.