Orion Equities Limited (AU:OEQ) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Orion Equities Limited has reported a substantial increase in their pre-tax and post-tax net tangible assets (NTA) per share, rising by 162.9% to $0.3572 as of 31 March 2024, from the previous month’s $0.1359. This spike is primarily due to receiving part of a $5 million consideration for the termination of an iron ore royalty entitlement, with an additional $3 million expected by 30 June 2024. Despite this increase, the company is reviewing its income tax position in light of potential carried forward tax losses.
For further insights into AU:OEQ stock, check out TipRanks’ Stock Analysis page.