Atlas Pearls Ltd (AU:ATP) has released an update.
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Atlas Pearls Ltd has reported strong sales from its October 2024 Kobe auction, with 73,956 pearls sold at an average price of $73.50 each, resulting in total revenue of $5.4 million. The company experienced a positive pricing trend, surpassing its previous auction’s average price. Atlas Pearls also strategically withheld approximately 7,000 pearls from the auction to sell through other channels, aiming to maximize the value of its products and enhance margins.
For further insights into AU:ATP stock, check out TipRanks’ Stock Analysis page.