ASX:ALKMetals and Mining
Alkane Resources (ASX:ALK) Shares Ride Profit Surge Into Growth Crunch
Alkane Resources stock came into this result with strong momentum, up about 32% over the past month, and closed today at A$1.795. That is a confident price for a mid tier gold producer that now has to live up to its own hype.
The earnings headline is simple. Alkane booked A$257.5m of Q4 revenue with A$70.8m of net income and wrapped a record year of operating cash flow around a much stronger trailing profit margin. The key question for investors is whether this profit run and the new dividend...