Over the course of the past week the Altaley Mining Corporation (OTCMKTS:ATLYF) stock has managed to emerge as a significant mover in the market and it continued on Tuesday after the company announced its financial results for the quarter that ended on June 30, 2021.
Yesterday the stock jumped by 5% as investors reacted to the strong performance and took the gains over the course of the past week to as much as 30%. In the second quarter, the company managed to generate a mine operating profit of as much as $9.1 million and the total income for the period stood at $7.6 million.
In the year up until August 31, 2021, the company brought in mine operating profit of as much as $14.2 million and the total income during the same period stood at $11.4 million.
However, that is not all. The company managed to bring in gross revenues to the tune of as much as $24.5 million in the second quarter and much of that was generated from selling zinc concentrate. Altaley managed to sell as much as 11854 tonnes of concentrated zinc during the course of the quarter and that was the biggest source of revenues.