Pioneer Resources report a $1.5 million loss

Company News

by Rachael Jones

Lithium and Pioneer Resources (ASX:PIO) reported a $1.5 million loss attributable to shareholders, for the half year ending 30 June 2017 a further deterioration in its headline result when compared to the same time last year.

The active mineral resources company’s exploration and evaluation spending firmed higher in the period to $1.6 million.

The company’s total revenue, falling to $13,500.

Meantime in good news its total equity bolstered ahead in the six months when compared to the prior corresponding period to $16.7 million.

Its shares are trading up 4.17 per cent to $0.03

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.