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Allied Gold Corp’s stock has reached an all-time high, hitting 20.49 USD. This milestone reflects a remarkable 1-year change of 178.41%, underscoring the company’s strong performance and investor confidence over the past year. With a market capitalization of $2.38 billion and impressive revenue growth of 45.41% over the last twelve months, the company has demonstrated substantial momentum across multiple timeframes, including an 18.14% return just last week. The significant increase in stock value highlights the company’s growth trajectory and market position, capturing the attention of investors and analysts alike. Despite not being profitable over the last twelve months, InvestingPro analysis indicates analysts expect the company to become profitable this year with a forecasted EPS of $1.42. This achievement sets a new benchmark for Allied Gold Corp as it continues to expand its operations and influence in the industry.
In other recent news, Allied Gold Corporation has reported significant exploration progress at its Sadiola Mine in Mali. The company’s ongoing exploration program has uncovered new gold zones and extensions, which support its expansion plans. These promising results have been identified across multiple zones, including Sekekoto West/S12, Tambali, FE2 Trend, and FE3/4 Trend. Additionally, Allied Gold has launched an energy program aimed at reducing costs at the Sadiola mine. This program involves a staged approach that combines diesel generators, solar power, and battery storage systems. The company plans to install additional diesel generators and control systems by early 2026, followed by a photovoltaic plant with battery energy storage systems by mid-2027. Medium-speed thermal generators are expected to be incorporated between 2027 and 2028. These developments reflect Allied Gold’s commitment to both expanding its mining operations and improving cost efficiency.
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