African Pioneer (LON:AFP) Announces Earnings Results

African Pioneer (LON:AFP) posted its earnings results on Thursday. The company reported GBX (0.23) earnings per share for the quarter, Digital Look Earnings reports. African Pioneer had a negative net margin of 2,039.11% and a negative return on equity of 16.55%.

African Pioneer Stock Up 2.6%

AFP stock opened at GBX 0.90 on Friday. African Pioneer has a fifty-two week low of GBX 0.50 and a fifty-two week high of GBX 1.60. The business’s 50-day moving average is GBX 0.97 and its two-hundred day moving average is GBX 1.05. The company has a debt-to-equity ratio of 1.24, a quick ratio of 3.95 and a current ratio of 0.12. The company has a market cap of £4.70 million, a price-to-earnings ratio of -3.21 and a beta of 0.69.

About African Pioneer

African Pioneer PLC, together with its subsidiaries, explores for, and develops base metals in Zambia, Namibia, and Botswana. It focuses on exploration of base and precious metals, including but not limited to copper, nickel, lead, gold, and zinc. The company holds 100% interest in Kalahari Copper Belt and Limpopo Mobile Belt Projects located in Botawana; 70% interest in Ongombo and Ongeama Project located in Namibia; and holds 100% interest in Central African Copperbelt, and Zambezi Belt Copper and Gold project located in Zambia.