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An announcement from Contango Holdings Plc ( (GB:CGO) ) is now available.
Contango Holdings Plc has received a total of US$1,000,000 in royalty payments under its Mineral Royalty Agreement with Huo Investments, strengthening its capital position and reaffirming investor commitment to the Muchesu coal project. The ongoing investment and installation of coke batteries at Muchesu highlight the project’s progress and the investor’s significant stake, holding 20.42% of the company.
More about Contango Holdings Plc
Contango Holdings Plc operates in the natural resources sector, primarily focusing on the Muchesu coal project in Zimbabwe. The company is dedicated to unlocking value from its substantial coal reserves, with a market focus on coal production and related investments.
Average Trading Volume: 901,967
Technical Sentiment Signal: Sell
Current Market Cap: £7.2M
Find detailed analytics on CGO stock on TipRanks’ Stock Analysis page.