tiprankstipranks
MEC Resources Ltd Reports Narrowed Annual Loss
Company Announcements

MEC Resources Ltd Reports Narrowed Annual Loss

MEC Resources Ltd (AU:MMR) has released an update.

Pick the best stocks and maximize your portfolio:

MEC Resources Ltd has reported a net loss of $492,526 for the financial year ended June 30, 2024, marking an 11.81% improvement from the previous year’s loss. The company announced no dividends, maintaining its position from the previous period, and revealed a slight increase in net tangible asset backing per share from (0.78) to (0.68) cents.

For further insights into AU:MMR stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App