Bens Creek Group (BEN)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

1.67p
   
  • Change Today:
      0.12p
  • 52 Week High: 20.60
  • 52 Week Low: 1.55
  • Currency: UK Pounds
  • Shares Issued: 399.87m
  • Volume: 13,558
  • Market Cap: £6.66m

Bens Creek starts delivering metallurgical coal ahead of plan

By Josh White

Date: Monday 17 Jan 2022

LONDON (ShareCast) - (Sharecast News) - North America-focussed metallurgical coal miner Bens Creek Group announced on Monday that, following discussions with its offtake partner Integrity Coal Sales of New York, it had started the sale and delivery of metallurgical coal.
The AIM-traded firm said the initial agreed volume was to deliver the equivalent of 8,840 clean tons of 'Hi Vol B' coal.

Payment for the initial delivery was expected to be made over the next 10 days.

The company said the early delivery of metallurgical coal to Integrity accelerated its generation of revenue by more than one month, and started the fulfilment of the requirement under the offtake agreement announced on 21 October, which provides for the delivery of 22,000 clean tons per month.

"I am delighted to announce that Bens Creek has commenced delivery of production to the metallurgical markets ahead of schedule," said chief executive officer Adam Wilson.

"This speaks well of the company and its wider production team, which has helped us to develop and mine a dormant reserve within a short period of time.

"Our ability to commence delivery to a marketing entity, like Integrity, reaffirms the quality of reserves that Bens Creek possesses."

At 1232 GMT, shares in Bens Creek Group were up 13.82% at 39.27p.

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BEN Market Data

Currency UK Pounds
Share Price 1.67p
Change Today 0.12p
% Change 7.39 %
52 Week High 20.60
52 Week Low 1.55
Volume 13,558
Shares Issued 399.87m
Market Cap £6.66m

BEN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
32.63% above the market average32.63% above the market average32.63% above the market average32.63% above the market average32.63% above the market average
9.92% below the sector average9.92% below the sector average9.92% below the sector average9.92% below the sector average9.92% below the sector average
Price Trend
98.97% below the market average98.97% below the market average98.97% below the market average98.97% below the market average98.97% below the market average
98.6% below the sector average98.6% below the sector average98.6% below the sector average98.6% below the sector average98.6% below the sector average
Income Not Available
Growth
23.69% above the market average23.69% above the market average23.69% above the market average23.69% above the market average23.69% above the market average
31.25% above the sector average31.25% above the sector average31.25% above the sector average31.25% above the sector average31.25% above the sector average

BEN Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
09:36 193 @ 1.64p
09:29 7,322 @ 1.64p
08:17 305 @ 1.64p
08:04 5,738 @ 1.64p

BEN Key Personnel

CEO Adam Wilson

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