ECR Minerals (ECR)

Sector:

Mining

Index:

FTSE AIM All-Share

0.33p
   
  • Change Today:
      0.005p
  • 52 Week High: 0.70
  • 52 Week Low: 0.20
  • Currency: UK Pounds
  • Shares Issued: 1,597.38m
  • Volume: 2,743,509
  • Market Cap: £5.19m

ECR Minerals completes purchase of second drilling rig

By Josh White

Date: Tuesday 11 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Australia-focussed gold explorer and developer ECR Minerals updated the market on its second drilling rig on Tuesday.
The AIM-traded firm had agreed the purchase of a new Cortech CMR1000 multi-purpose drilling rig for $0.4m in July last year.

It subsequently decided to delay completion of the rig purchase to allow for the appointment of CEO Andrew Haythorpe, and the completion of a new strategic plan, announced on 6 July.

The company said the rig purchase was now complete, following the agreement of a "meaningful discount", on what the board considered to be "competitive and attractive" terms.

Arrangements were currently being made for the rig to be loaded onto a ship for delivery to Melbourne Port.

"I am delighted that we have now completed the purchase of our long awaited second drill rig, and on very attractive terms," said chief executive officer Andrew Haythorpe.

"Our MIDAS drill rig has proved its value in the field time and time again.'

"I believe the new Cortech, multi-purpose rig will significantly enhance our on-the-ground capabilities, offering both RC and diamond drilling systems."

At 1551 BST, shares in ECR Minerals were down 5.23% at 0.62p.

Reporting by Josh White at Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

ECR Minerals Market Data

Currency UK Pounds
Share Price 0.33p
Change Today 0.005p
% Change 1.56 %
52 Week High 0.70
52 Week Low 0.20
Volume 2,743,509
Shares Issued 1,597.38m
Market Cap £5.19m

ECR Minerals Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
10.62% below the market average10.62% below the market average10.62% below the market average10.62% below the market average10.62% below the market average
21.54% above the sector average21.54% above the sector average21.54% above the sector average21.54% above the sector average21.54% above the sector average
Price Trend
37.46% below the market average37.46% below the market average37.46% below the market average37.46% below the market average37.46% below the market average
13.29% below the sector average13.29% below the sector average13.29% below the sector average13.29% below the sector average13.29% below the sector average
Income Not Available
Growth Not Available

ECR Minerals Dividends

No dividends found

Trades for 04-Mar-2024

Time Volume / Share Price
16:11 296,014 @ 0.32p
16:01 200,000 @ 0.32p
15:09 100,000 @ 0.33p
15:07 100,000 @ 0.33p
15:01 100,000 @ 0.33p

ECR Minerals Key Personnel

Chair Nick Tulloch
COO Mike Whitlow

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