ALTIUS MINERALS CORP (OTCMKTS:ATUSF) was a massive decliner during Thursday’s trading session plummeting by close to 5% on relative high volumes, which were 3.5 times the daily average. The stock has been trending lower ever since it was unable to breach above its 200 day moving average. Altius currently trades below all daily moving averages.The indicator measuring relative strength provided a fresh sell signal indicative of the strong selling interest. The oscillator for momentum is showing no signs of strong bullish reversal. The stock hit a fresh 52 week low during the trading session, which is a bearish sign.


ALTIUS MINERALS CORP (OTCMKTS:ATUSF) announced financial results for the recently concluded quarter. As per the reports, the attributable revenue for the three-month period was $9.78 million, whereas the adjusted EBITDA was $7.14 million.

Financial & Non-Financial Highlights

Although the operational performance of the company was well in line, it couldn’t attain the profitable state. Reports claim that Altius ended the quarter with a net loss of $0.04 per share or $1.63 million for the quarter. During the same period in 2014, Altius managed to report attributable revenues worth $7.2 million, adjusted EBITDA of $5.06 million and net loss of $8.10 million.

The primary reason behind this positive trend in adjusted EBITDA and other financial figures was nothing but the revenues received from the newly acquired Voisey’s Bay ($677,000), Prairie Royalties ($5.75 million), and 777 royalty ($2.5 million). A major part of these revenues was offset by amortization cost worth $1.82 million of royalty interests, severance costs worth $1.3 million.

The senior management team of Altius is delighted to announce these financial results and hopes that ever improving market conditions will help the company to report better results in the coming months. According to Ben Lewis, CFO, Altius, the stock market presented a host of challenges in front of the company, yet it grew continuously on the back of strong royalty revenues.

After the addition of well-known 777 royalty to Altius portfolio, the number of Canadian based high-quality royalties in its portfolio has reached to 13, which cover a wide range of commodities. Moreover, the inflation-indexed x tonnage multiplier covers about 37% of the royalty revenue of the company, which is why it gets affected by movement in commodity market.

The entire senior management team is working hard to unearth many more growth opportunities that can be monetized effectively. Details regarding further attempts put in this direction will be announced from time to time.

Previous articleRaadr Inc (OTCMKTS:RDAR) To Continue With i-Business Management For Investors Relation And Brand Management
Next articlePAGNIE FINANCIERE RI (OTCMKTS:CFRUY) Announced Financial Results, Sales Touches Whopping €10410 million
Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg,,, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.