tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Pyx Resources Reports Decline in Revenue and Losses for 2024

Story Highlights
Pyx Resources Reports Decline in Revenue and Losses for 2024

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Pyx Resources Limited ( (GB:PYX) ) has shared an update.

Pyx Resources Limited reported a significant decrease in revenue by 51% to $11,042,000 for the year ending December 31, 2024. The company also experienced a loss of $3,448,000, although this was an improvement from the previous year’s loss. The financial results reflect challenges in the market, impacting the company’s operations and financial stability. Despite these setbacks, Pyx Resources continues to focus on its core business of mineral extraction and processing.

More about Pyx Resources Limited

Pyx Resources Limited operates in the mining industry, focusing on the extraction and processing of mineral resources. The company primarily deals with the production and sale of zircon, a mineral used in various industrial applications.

YTD Price Performance: -35.17%

Average Trading Volume: 362,137

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £99.82M

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

Disclaimer & DisclosureReport an Issue

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
1