Aterian (LON:ATN) Announces Quarterly Earnings Results

Aterian (LON:ATN) released its earnings results on Wednesday. The company reported GBX (3.23) 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 Price Performance

ATN traded down GBX 1.49 during trading on Thursday, hitting GBX 23.01. 57,286 shares of the stock traded hands, compared to its average volume of 164,266. The business has a 50 day moving average price of GBX 25.97 and a 200 day moving average price of GBX 25.60. The company has a market cap of £4.40 million, a price-to-earnings ratio of -1.52 and a beta of 0.12. Aterian has a twelve month low of GBX 20 and a twelve month 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.