Noble Financial Issues Positive Outlook for CVE:ARU Earnings

Aurania Resources Ltd. (CVE:ARU) – Research analysts at Noble Financial raised their FY2024 earnings estimates for Aurania Resources in a report released on Monday, December 16th. Noble Financial analyst M. Reichman now anticipates that the company will post earnings of ($0.11) per share for the year, up from their previous forecast of ($0.13). The consensus estimate for Aurania Resources’ current full-year earnings is ($0.18) per share. Noble Financial also issued estimates for Aurania Resources’ FY2025 earnings at ($0.08) EPS.

Aurania Resources Price Performance

Shares of CVE:ARU opened at C$0.42 on Thursday. Aurania Resources has a 12-month low of C$0.19 and a 12-month high of C$0.75. The stock has a market capitalization of C$40.55 million, a price-to-earnings ratio of -3.23 and a beta of 1.59. The stock has a fifty day simple moving average of C$0.55 and a two-hundred day simple moving average of C$0.52. The company has a current ratio of 0.90, a quick ratio of 2.14 and a debt-to-equity ratio of 120.92.

Aurania Resources Company Profile

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.