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Alligator Energy Retracts Financial Forecast for Samphire Project

Story Highlights
  • Alligator Energy retracts financial forecasts for its Samphire Uranium Project due to changed assumptions.
  • Investors are advised not to rely on the retracted information as the company revises its Scoping Study.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Alligator Energy Retracts Financial Forecast for Samphire Project

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Alligator Energy Ltd ( (AU:AGE) ) has shared an update.

Alligator Energy has retracted the updated forecast financial information for its Samphire Uranium Project, initially presented in a recent announcement, due to material changes in the assumptions underpinning the original Scoping Study. The company acknowledges that the updated financial data was materially different from the previous study and advises investors not to rely on the retracted information for investment decisions. Alligator Energy is working on a revised Scoping Study to comply with the necessary listing rules, which will reassess the project’s economic assumptions.

The most recent analyst rating on (AU:AGE) stock is a Buy with a A$0.07 price target. To see the full list of analyst forecasts on Alligator Energy Ltd stock, see the AU:AGE Stock Forecast page.

More about Alligator Energy Ltd

Alligator Energy is a uranium and energy metals project development and exploration group with a multi-jurisdictional portfolio. The company has significant experience in uranium mining, having been involved in projects such as the Wiluna Uranium Project in Western Australia and the Husab Uranium Mine in Namibia.

Average Trading Volume: 17,080,366

Technical Sentiment Signal: Sell

Current Market Cap: A$124.2M

For detailed information about AGE stock, go to TipRanks’ Stock Analysis page.

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