Elysee Development Corp. (TSE:ELC) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Elysee Development Corp. reported a net loss of $4,034,438 for the fiscal year 2023, widening from the previous year’s loss, alongside a net asset value per share of $0.39 and cash reserves of $849,798 without any debt. The company faced challenges in the mining sector, leading to significant unrealized losses and write-downs in its marketable securities and private equity investments. Despite the losses, Elysee managed to reduce general and administrative expenses and increased interest and dividend income.
For further insights into TSE:ELC stock, check out TipRanks’ Stock Analysis page.
