Ironveld (IRON)

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0.090p
   
  • Change Today:
    -0.053p
  • 52 Week High: 0.39
  • 52 Week Low: 0.073
  • Currency: UK Pounds
  • Shares Issued: 3,935.00m
  • Volume: 61,300,357
  • Market Cap: £3.54m

Ironveld FY pre-tax losses widen on higher administrative expenses

By Iain Gilbert

Date: Tuesday 29 Dec 2020

LONDON (ShareCast) - (Sharecast News) - Mining outfit Ironveld saw pre-tax losses widen from £600,000 to £1.01m in the year ended 30 June as administrative expenses increased.

Ironveld's total comprehensive income for the year increased from £414,000 to £4.67m but basic and diluted losses per share widened to 0.16p from 0.10p.

Looking forward, Ironveld said it was continuing to engage with a range of parties following the recent lapse of its option agreement with IIG with a view to an alternative funding transaction or strategic partnership and expects to conclude this in 2021.

Chief executive Martin Eales said: "The year to June 2020 was dominated by the Strategic Review process and led to the announcement of the intended strategic partnership with IIG in March 2020.

"Whilst, ultimately, the parties agreed to allow IIG's Option to lapse in November 2020 discussions continue with IIG and other parties with a view to concluding a strategic or project financing transaction."

As of 1115 GMT, Ironveld shares were up 8.04% at 0.55p.

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Ironveld Market Data

Currency UK Pounds
Share Price 0.090p
Change Today -0.053p
% Change -36.84 %
52 Week High 0.39
52 Week Low 0.073
Volume 61,300,357
Shares Issued 3,935.00m
Market Cap £3.54m

Ironveld Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
37.27% above the market average37.27% above the market average37.27% above the market average37.27% above the market average37.27% above the market average
46.67% above the sector average46.67% above the sector average46.67% above the sector average46.67% above the sector average46.67% above the sector average
Price Trend
89.03% below the market average89.03% below the market average89.03% below the market average89.03% below the market average89.03% below the market average
96.04% below the sector average96.04% below the sector average96.04% below the sector average96.04% below the sector average96.04% below the sector average
Income Not Available
Growth Not Available

Ironveld Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
17:08 1,707,142 @ 0.090p
16:42 5,000,000 @ 0.083p
16:28 500,000 @ 0.096p
16:27 1,000,000 @ 0.094p
16:19 1,000,000 @ 0.097p

Ironveld Key Personnel

CEO Martin Eales

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