Namib Minerals (NASDAQ:NAMM – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported ($0.05) earnings per share (EPS) for the quarter, reports. The business had revenue of $25.42 million during the quarter.
Namib Minerals Price Performance
Shares of NAMM opened at $0.96 on Thursday. Namib Minerals has a 12 month low of $0.91 and a 12 month high of $7.42. The stock’s 50-day moving average is $1.35 and its two-hundred day moving average is $1.70. The stock has a market cap of $51.82 million, a PE ratio of -1.00 and a beta of -0.03.
Wall Street Analyst Weigh In
Separately, Weiss Ratings lowered Namib Minerals from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, August 31st. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.
Institutional Investors Weigh In On Namib Minerals
An institutional investor recently bought a new stake in Namib Minerals stock. Lineage Point Capital LP purchased a new position in Namib Minerals (NASDAQ:NAMM – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 128,300 shares of the company’s stock, valued at approximately $130,000. Lineage Point Capital LP owned 0.24% of Namib Minerals as of its most recent SEC filing. Institutional investors and hedge funds own 59.54% of the company’s stock.
Namib Minerals Company Profile
Namib Minerals Limited is a gold mining company focused on the acquisition, development and operation of gold assets in Zimbabwe. Its activities include mine development, mineral exploration, ore processing and gold production.
The company’s portfolio includes the How Mine, Mazowe Mine and Shamva Mine, which are located in Zimbabwe’s established gold-producing regions. Namib Minerals is focused on advancing and operating these assets while evaluating opportunities to expand its mineral resources and production base.
Namib Minerals is headquartered in Africa and serves the international gold market through its Zimbabwean mining operations.
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