Altius Minerals Corporation (OTCMKTS:ATUSF) (TSX:ALS) Stock Pulls Back After Earnings

On Wednesday, Altius Minerals Corporation (OTCMKTS:ATUSF) (TSX: ALS) was in the news after it announced its financial results for the full fiscal year. However, it seems that investors were not completely happy with regards to the numbers and that was reflected in the 4% drop in the share price for the day.

Market Reaction

On Wednesday, ATUSF stock fell 1.54% to $18.60 with 50K shares, compared to its average volume of 36.37K shares. The stock moved within a range of $18.06 – 19.00 after opening trade at $18.06.

Earnings Recap

The company announced yesterday that it had managed to generate revenues of as much as $81.7 million for the full year and that was considerably higher than the $60 million that it had generated in 2020 fiscal year. On the other hand, the revenues for the fourth quarter stood at $22.6 million and that was again higher than the $21.6 million that it had generated in the fourth quarter of 2020.

On the other hand the full year attributable revenues for the full fiscal year of 2021 came in at $83.9 million when adjusted for joint venture revenues. The figure proved to be higher than the $67.5 million that had been generated under the same overhead back in 2020. It reflected a rise of 24%. At this point in time, it may be a good move for investors to consider adding the stock to their watch lists.

Traders Review

ATUSF stock is trading above the 20-Day and 50-Day Moving averages of $17.11 and $15.13 respectively. Moreover, the stock is trading above the 200-Day moving average of $13.68.


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