On Monday Altaley Mining Corporation (OTCMKTS:ATLYF) continued to be on the radars of investors and saw its stock soar by as much as 15%. However, in this regard, it should also be noted that over the course of the past week the stock has been in the middle of a steady rally and during the period, the Altaley stock has gained 32%.
Yesterday, the company was in the news after it announced its financial results for the fiscal quarter that ended on June 30, 2021. It might be a good idea for investors to perhaps take a closer look at Altaley’s performance.
In the aforementioned quarter, the company managed to bring in total income of $7.6 million and a mine operating profit of as much as $9.1 million. The total mine operating profit for 2021 up until August 30 stood at $14.2 million and the same for the total income came in at $11.4 million.
Hence, it is clear to see why investors might have been bullish about the Altaley Mining stock on Monday. In addition to that, the company managed to generate revenues of as much as $24.5 million for the quarter and that was primarily generated through the sale of 11854 tons of zinc concentrate.