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Desert Mountain Energy Third Quarter 2024 Earnings: CA$0.018 loss per share (vs CA$0.017 loss in 3Q 2023)

editorial-team@simplywallst.com (Simply Wall St)
1 min read

In This Article:

Desert Mountain Energy (CVE:DME) Third Quarter 2024 Results

Key Financial Results

  • Net loss: CA$1.66m (loss widened by 6.9% from 3Q 2023).

  • CA$0.018 loss per share (further deteriorated from CA$0.017 loss in 3Q 2023).

earnings-and-revenue-growth
TSXV:DME Earnings and Revenue Growth August 30th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Desert Mountain Energy Earnings Insights

Looking ahead, revenue is forecast to grow 171% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada.

Performance of the Canadian Metals and Mining industry.

The company's shares are up 7.1% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 4 warning signs for Desert Mountain Energy (2 make us uncomfortable!) that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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