Shuka Minerals (LON:SKA) Issues Quarterly Earnings Results

Shuka Minerals (LON:SKA) released its earnings results on Wednesday. The company reported GBX (0.33) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Shuka Minerals had a negative net margin of 86,907.55% and a negative return on equity of 20.62%.

Shuka Minerals Stock Performance

SKA stock opened at GBX 3.50 on Wednesday. Shuka Minerals has a fifty-two week low of GBX 2.30 and a fifty-two week high of GBX 7. The stock’s 50 day simple moving average is GBX 3.17 and its 200 day simple moving average is GBX 2.95. The company has a market cap of £5.03 million, a P/E ratio of -2.59 and a beta of 1.19.

Insider Transactions at Shuka Minerals

In other news, insider Richard Lloyd bought 356,913 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was acquired at an average cost of GBX 280 per share, with a total value of £999,356.40. Insiders own 58.06% of the company’s stock.

Shuka Minerals Company Profile

Shuka Minerals Plc engages in the exploration, development, and mining of energy commodities in Africa. The company primarily explores for coal. Its principal project is the Rukwa project located in Tanzania. Shuka Minerals Plc was formerly known as Edenville Energy Plc and changed its name to Shuka Minerals Plc in August 2023. The company was incorporated in 2004 and is based in Nairobi, Kenya.