An update from AJ Lucas Group Limited ( (AU:AJL) ) is now available.
AJ Lucas Group Limited reported a Group EBITDA of $8.8 million for the first half of the fiscal year, a decrease from the previous year’s $10.6 million. The decline was attributed to client program delays and the suspension of mining at the Grosvenor steelmaking coal mine. In the UK, the company faces challenges due to a moratorium on hydraulic fracturing but is pursuing conventional gas opportunities. The company is also exploring refinancing options to manage upcoming loan maturities.
More about AJ Lucas Group Limited
AJ Lucas Group Limited is a company specializing in drilling services and gas exploration, with a focus on the metallurgical coal underground mining sector in Australia.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $8.73M
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