Viridis Mining and Minerals Limited ( (AU:VMM) ) has issued an announcement.
Viridis Mining and Minerals Limited reported a reduced net loss of $1,979,006 for the half-year ending December 31, 2024, compared to the previous year’s loss of $3,746,423. The company raised A$4 million through a share placement and increased its capitalized exploration expenditure, resulting in net assets of $23,136,639. Despite increased corporate costs, the company managed to decrease administration expenses and share-based payments significantly.
More about Viridis Mining and Minerals Limited
Viridis Mining and Minerals Limited operates in the mining exploration industry, focusing on the exploration and development of mineral resources. The company does not have a continuous revenue stream and relies on interest from cash holdings as its primary income source.
YTD Price Performance: -10.61%
Average Trading Volume: 200,759
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$25.15M
For an in-depth examination of VMM stock, go to TipRanks’ Stock Analysis page.