As far as mining stocks are concerned, the Trevali Mining Corporation (OTCMKTS:TREVF) stock is expected to be in focus among investors this morning.
Trading Data
On Thursday, TREVF stock moved up 2% to $0.1630 with more than 1.56 million, compared to its average volume of 324k shares. The stock has moved within a range of $0.1589 – 0.1700 after opening the trade at $0.17.
Earnings Recap
Yesterday, the company was in the news after it announced its financial results for the quarter and also the nine month period, both of which ended on September 30, 2021. In the third fiscal quarter, Trevali Mining managed to produce as much as 82.4 million pound of zinc for $0.99 per pound in all in sustaining costs. On the other hand, the operating cash flows before the change to working capital stood at $18.5 million for the quarter.
On the other hand, Trevali Mining also managed to bring about a reduction in debt and brought the net debt down to $82 million at the end of the quarter. The total reduction in debt in the period starting from June 30 to September 30 was $27 million and that makes up for a strong performance from Trevali Mining. In the third quarter, the revenues stood at $79.5 million and on the other hand, the adjusted EBITDA for the period came in at $20.5 million. It now remains to be seen if the stock manages to gather any momentum in the markets today.
Technical Data
TREVF stock is trading below the 20-Day and 200-Day Moving averages of $0.17 and $0.17 respectively. However, the stock is trading above the 50-Day moving average of $0.16. The stock is up 2% in the past 3-month.
