2489.HK
Price:
$1.28
Market Cap:
$2.32B
Persistence Resources Group Ltd engages in the exploration, mining, and processing of gold properties in China. It operates two operating gold mines, including the Songjiagou Open-Pit Mine and the Songjiagou Underground Mine located in Songjiagou, the MupingRushan gold metallogenic belt. The company was formerly known as Sinogold Resources Holdings Group Co., Ltd. and changed its name to Persistence Resources Group Ltd in May 2022. The company was founded in 2005 and is headquartered in Yantai, China. Persistence Resources Group Ltd is a subsidiary of Majestic Gold Corp.
Industry
Gold
IPO Date
Stock Exchange
HKSE
Ticker
2489.HK
According to Persistence Resources Group Ltd’s latest financial reports and current stock price. The company's current ROE is 12.17%. This represents a change of 301.20% compared to the average of 3.03% of the last 4 quarters.
The mean historical ROE of Persistence Resources Group Ltd over the last ten years is 13.46%. The current 12.17% ROE has changed -9.55% with respect to the historical average. Over the past ten years (40 quarters), 2489.HK's ROE was at its highest in in the June 2024 quarter at 3.52%. The ROE was at its lowest in in the September 2023 quarter at 1.68%.
Average
13.46%
Median
13.14%
Minimum
6.96%
Maximum
25.34%
Discovering the peaks and valleys of Persistence Resources Group Ltd ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 115.75%
Maximum Annual ROE = 25.34%
Minimum Annual Increase = -52.51%
Minimum Annual ROE = 6.96%
| Year | ROE | Change |
|---|---|---|
| 2024 | 11.86% | 66.20% |
| 2023 | 7.13% | -52.51% |
| 2022 | 15.02% | 115.75% |
| 2021 | 6.96% | -51.69% |
| 2020 | 14.41% | -43.12% |
The current ROE of Persistence Resources Group Ltd (2489.HK) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
11.34%
5-year avg
11.08%
10-year avg
13.46%
Persistence Resources Group Ltd’s ROE is less than CWT International Limited (9.23%), less than China Sanjiang Fine Chemicals Company Limited (13.43%), less than China Shanshui Cement Group Limited (0.77%), less than Ximei Resources Holding Limited (12.68%), less than CITIC Resources Holdings Limited (4.72%), less than Xingfa Aluminium Holdings Limited (12.16%), less than Dragon Mining Limited (18.83%), less than GT Gold Holdings Limited (15.00%), less than TK Group (Holdings) Limited (15.85%), greater than South Manganese Investment Limited (-15.35%),
| Company | ROE | Market cap |
|---|---|---|
| 9.23% | $2.60B | |
| 13.43% | $3.53B | |
| 0.77% | $2.96B | |
| 12.68% | $2.52B | |
| 4.72% | $3.10B | |
| 12.16% | $3.12B | |
| 18.83% | $1.05B | |
| 15.00% | $3.60B | |
| 15.85% | $2.21B | |
| -15.35% | $2.07B |
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