Amur Minerals Corporation NPV (AMC)

Sector:

Mining

Index:

FTSE AIM All-Share

0.78p
   
  • Change Today:
    -0.063p
  • 52 Week High: 3.90
  • 52 Week Low: 0.77
  • Currency: UK Pounds
  • Shares Issued: 1,392.87m
  • Volume: 6,877,106
  • Market Cap: £10.86m
  • RiskGrade: 404

Russia sanctions having 'minimal impact' on Amur Minerals

By Josh White

Date: Wednesday 13 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Russia-focussed nickel-copper-sulphide explorer and developer Amur Minerals updated the market on the effect of sanctions on Wednesday, having been "continuously reviewing" those put in place by the European Union, the UK and the United States since Russia's invasion of Ukraine.
The AIM-traded firm said since the violent invasion began in late February, the sanctions list additions had been "frequent and rapidly evolving", changing the geopolitical landscape in which it operates.

It said there had been "minimal impact" on it to date.

As of 5 April, the actions it had undertaken included ensuring the flow of funds supporting AO Kun-Manie continued, with it now having sufficient cash reserves for the subsidiary covering budgeted costs through the first half.

"Previously, AO Kun-Manie funds have been delivered to cover a 30 to 45 day period," the board said.

Amur added that no single individual or entity identified in any transactions, contracts, or operational undertakings related to a transaction related to AO Kun-Manie were sanctioned.

It also confirmed that its lead legal counsel representation in Moscow, Bryan Cave Leighton Paisner, was suspending operations within the country.

"The company is reviewing options for lead Russian legal representation."

At 1507 BST, shares in Amur Minerals Corporation were down 5.64% at 1.62p.

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

Note 2: RiskGrade figures are provided by RiskMetrics.

 

AMC Market Data

Currency UK Pounds
Share Price 0.78p
Change Today -0.063p
% Change -7.47 %
52 Week High 3.90
52 Week Low 0.77
Volume 6,877,106
Shares Issued 1,392.87m
Market Cap £10.86m
RiskGrade 404

AMC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
86.86% below the market average86.86% below the market average86.86% below the market average86.86% below the market average86.86% below the market average
83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average
Income Not Available
Growth Not Available

AMC Dividends

No dividends found

Trades for 24-Jun-2022

Time Volume / Share Price
16:28 56,874 @ 0.80p
16:23 62,280 @ 0.79p
16:16 200,000 @ 0.79p
16:08 253 @ 0.79p
16:07 250,000 @ 0.77p

AMC Key Personnel

CEO Robin Jay Young

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