Alkane Resources Ltd (ASX:ALK) has received a 131% increase in its share price valuation to A$2.22 per share in a report by Edison Investment Research.Notably, the company’s share price continues to be more than 100% covered by the value of tangible assets underpinned by the Tomingley operations, which contribute A$0.61 per share to its valuation.Alkane improved its FY23 production guidance to 62,000–70,000 ounces after an impressive first-half production at Tomingley which now expects to reach the upper end of this range.Furthermore, increased production guidance at Tomingley bodes well for further investment in both expansion of Tomingley and continued efforts to increase the accuracy of its resources at the nearby Boda and Kaiser projects. QUOTE in Proactive Investors today
At last some interest in ALK , gold starting to shine again IMO.
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Last
51.5¢ |
Change
0.015(3.00%) |
Mkt cap ! $311.6M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 53.0¢ | 51.5¢ | $459.0K | 880.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 33209 | 51.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 50519 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| ALK (ASX) Chart |