Elysee Development Corp.: Q1 Financials & Strategic Focus

Elysee Development Corp. (TSE:ELC) has released an update.

Elysee Development Corp. reported a net income of $278,436 for Q1 2024, a decrease from the previous year’s same quarter, alongside a small increase in Net Asset Value to $0.40 per share and steady cash reserves with no debt. The company saw a rise in metal prices, prompting increased investments in the mining sector, and anticipates a major revival in the industry. Elysee also bought back shares and is focusing on core investments in mining and energy.

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