08:07 AM EDT, 05/14/2015 (MT Newswires) -- Banro's (BAA) U.S. shares jumped in Thursday's pre-market session after the Canada-based gold miner late Wednesday reported it swung to a Q1 profit as revenue and production climbed.
BAA was up 29% at $0.33 in recent pre-market trading, in a 52-week range of $0.12 to $0.51.
The company swung to a net profit of $6.8 million, or $0.03 per share, from a net loss in the prior-year period of $704,000, or $0.00 per share. Just one analyst estimate was available via Capital IQ, which was for a loss of $0.02 per share.
Revenue climbed to $41.0 million from $30.4 million a year earlier; no analyst estimates on revenue were available for comparison. The revenue growth came as gold ounces sold jumped 39% and production reached 35,943 ounces of gold, up 78% from Q1 2014 and up 22% from Q4 2014.
Price: 0.31, Change: +0.05, Percent Change: +20.95