Aterian (LON:ATN) Issues Earnings Results

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

Aterian Price Performance

LON:ATN remained flat at GBX 24.50 during trading hours on Wednesday. 57,000 shares of the company’s stock traded hands, compared to its average volume of 165,101. Aterian has a 12 month low of GBX 20 and a 12 month high of GBX 40. The stock has a market cap of £4.69 million, a PE ratio of -1.62 and a beta of 0.12. The company’s 50-day moving average is GBX 25.98 and its 200 day moving average is GBX 25.60.

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.