Aterian (LON:ATN) Releases Earnings Results

Aterian (LON:ATN) announced 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 net margin of 1,832.73% and a negative return on equity of 125.18%.

Aterian Price Performance

Shares of Aterian stock remained flat at GBX 24.50 on Wednesday. The stock had a trading volume of 57,000 shares, compared to its average volume of 165,101. The firm has a market capitalization of £4.69 million, a P/E ratio of -1.62 and a beta of 0.12. The business has a 50-day simple moving average of GBX 25.97 and a 200-day simple moving average of GBX 25.60. Aterian has a 1-year low of GBX 20 and a 1-year high of GBX 40.

About Aterian

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.