Noble Financial Equities Analysts Decrease Earnings Estimates for Aurania Resources Ltd. (CVE:ARU)

Aurania Resources Ltd. (CVE:ARU) – Research analysts at Noble Financial reduced their Q2 2024 earnings per share (EPS) estimates for shares of Aurania Resources in a report released on Monday, April 15th. Noble Financial analyst M. Reichman now forecasts that the company will post earnings per share of ($0.03) for the quarter, down from their prior estimate of ($0.02). The consensus estimate for Aurania Resources’ current full-year earnings is ($0.18) per share. Noble Financial also issued estimates for Aurania Resources’ Q4 2024 earnings at ($0.02) EPS and FY2024 earnings at ($0.08) EPS.

Aurania Resources Stock Performance

ARU traded down C$0.01 on Wednesday, reaching C$0.20. 114,077 shares of the stock were exchanged, compared to its average volume of 26,727. The company’s 50-day moving average price is C$0.23 and its 200 day moving average price is C$0.27. Aurania Resources has a fifty-two week low of C$0.20 and a fifty-two week high of C$0.52. The company has a debt-to-equity ratio of 120.92, a current ratio of 0.40 and a quick ratio of 2.14. The firm has a market capitalization of C$13.49 million, a PE ratio of -1.21 and a beta of 1.61.

About Aurania Resources

Aurania Resources Ltd., a junior exploration mining company, engages in the identification, evaluation, acquisition, and exploration of mineral properties in Ecuador and Peru. The company explores for gold, silver, copper, and other precious metal deposits. Its flagship project is the 100% owned Lost Cities Cutucu project comprises 42 mineral exploration concessions covering an area of approximately 207,764 hectares located in southeastern Ecuador.