Aton Resources Inc.
Targeting Gold Production in Egypt by 2026
Published: 5/17/2024
Author: FRC Analysts
Sector: Basic Materials | Industry: Other Industrial Metals & Mining
Ticker Symbols:
ANLBF - NASDAQ 🔹
AAN.V - TSX.V 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | 0.32 |
| Fair Value | 0.63 |
| Risk | 5 |
| Week Range | 0.15-0.35 |
| Shares O/S (M) | 127 |
| Market Cap. (M) | 41 |
| Current Yield (%) | N/A |
| P/E (forward) | N/A |
| P/B | N/A |
- We are resuming coverage on Aton Resources. Aton is advancing multiple gold projects in Egypt’s Arabian Nubian Shield (ANS). Egypt is a vastly underexplored geologically rich country.
- Management’s strategy involves implementing a hub-and-spoke approach, supported by a central processing plant, managing ore from multiple projects.
- Two institutional investors own 86% of Aton’s equity, which we believe signifies a strong vote of confidence in Aton’s portfolio.
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | 0.32 |
| Fair Value | 0.63 |
| Risk | 5 |
| Week Range | 0.15-0.35 |
| Shares O/S (M) | 127 |
| Market Cap. (M) | 41 |
| Current Yield (%) | N/A |
| P/E (forward) | N/A |
| P/B | N/A |
