tiprankstipranks

Europa Metals Reports Half-Year Profit Following Strategic Disposal

Story Highlights
  • Europa Metals Ltd reported a net profit of $4.83 million for the half-year ended 31 December 2024.
  • The company disposed of its Spanish subsidiary to Denarius Metals Corp., resulting in a strategic shift.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Europa Metals Reports Half-Year Profit Following Strategic Disposal

Europa Metals Limited ( (GB:EUZ) ) has issued an announcement.

Europa Metals Ltd reported a net profit of $4.83 million for the half-year ended 31 December 2024, a significant turnaround from a net loss of $248,761 in the previous year. This financial improvement follows the company’s disposal of its Spanish subsidiary, Europa Metals Iberia S.L., to Denarius Metals Corp., which resulted in the issuance of 7 million shares in Denarius Metals. As a result of this transaction, Europa Metals is now classified as an ‘AIM Rule 15 cash shell’ and must complete a reverse takeover within six months to avoid suspension of its AIM securities. The company also decided not to proceed with the acquisition of Viridian Metals Ireland Limited, indicating a strategic shift in its operations.

More about Europa Metals Limited

Europa Metals Ltd is a mineral exploration company incorporated in Australia and publicly traded on the AIM market of the London Stock Exchange and the AltX of the Johannesburg Stock Exchange. The company was previously involved in the Toral Lead-Zinc-Silver Project in Spain but has since disposed of its interest in the project.

YTD Price Performance: -45.00%

Average Trading Volume: 131,477

Technical Sentiment Signal: Buy

Current Market Cap: £1.07M

See more insights into EUZ stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App