TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
URA Holdings PLC ( (GB:GEMR) ) has shared an announcement.
Gem Resources PLC has announced a significant financial restructuring, raising £2.117 million through a subscription and convertible loan notes, with Hong Kong entrepreneur Louis Ching becoming the largest shareholder and Executive Chairman. This move, which includes converting unpaid fees into shares and updating treasury policies, aims to strengthen the company’s financial position, support operational plans, and address previous funding challenges, marking a pivotal moment for the company’s growth and stability.
More about URA Holdings PLC
Gem Resources PLC operates in the mining industry, focusing on the exploration and development of emerald mines. The company is involved in optimizing production and reducing costs at its Gravelotte mine in South Africa and is working towards restarting operations at the Curlew mine in Australia. It aims to diversify its investments by including cryptocurrencies.
Average Trading Volume: 2,757,585
Technical Sentiment Signal: Sell
Current Market Cap: £1.14M
Find detailed analytics on GEMR stock on TipRanks’ Stock Analysis page.