Shuka Minerals (LON:SKA) Issues Earnings Results

Shuka Minerals (LON:SKA) released its quarterly earnings data 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 Price Performance

Shares of Shuka Minerals stock opened at GBX 3.50 on Wednesday. The firm’s 50-day moving average is GBX 3.17 and its two-hundred day moving average is GBX 2.95. The stock has a market cap of £5.03 million, a price-to-earnings ratio of -2.59 and a beta of 1.19. Shuka Minerals has a 1 year low of GBX 2.30 and a 1 year high of GBX 7.

Insiders Place Their Bets

In related news, insider Richard Lloyd acquired 360,000 shares of the stock in a transaction dated Thursday, August 6th. The stock was acquired at an average cost of GBX 277 per share, for a total transaction of £997,200. 58.06% of the stock is currently owned by company insiders.

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.