An announcement from Alba Mineral Resources ( (GB:ALBA) ) is now available.
Alba Mineral Resources Plc has successfully raised £75,000 through a share placing with an institutional investor, issuing 600 million new ordinary shares at a price of 0.0125 pence per share. This move is expected to enhance the company’s financial position, with the new shares set to be admitted to trading on AIM, increasing the total number of shares with voting rights to over 11.5 billion. This development may impact shareholder calculations regarding their interest in the company’s share capital under the Financial Conduct Authority’s rules.
More about Alba Mineral Resources
Alba Mineral Resources Plc is a mining company focused on the exploration and development of mineral resources. The company operates several projects, primarily in Wales, including Clogau, Dolgellau Gold Exploration, and Gwynfynydd, all of which are gold projects. Alba also holds investments in GreenRoc Strategic Materials Plc in Greenland and Horse Hill oil project in England, and has earn-in rights and optioned projects in Sweden.
YTD Price Performance: -5.00%
Average Trading Volume: 33,354,728
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.08M
For detailed information about ALBA stock, go to TipRanks’ Stock Analysis page.