Aminex (CDI) (AEX)

Sector:

Energy Producers

 1.23p
   
  • Change Today:
      0.000p
  • 52 Week High: 2.04
  • 52 Week Low: 0.78
  • Currency: UK Pounds
  • Shares Issued: 4,219.17m
  • Volume: 203,285
  • Market Cap: £51.68m
  • RiskGrade: 495
  • Beta: 0.01

Aminex clears last major hurdle for Ruvuma farm-out approval

By Josh White

Date: Tuesday 19 May 2020

LONDON (ShareCast) - (Sharecast News) - Aminex updated the market on progress towards completion of the Ruvuma farm-out, on Tuesday, reporting that following payment by its subsidiary of the capital gains tax bill, and payment by ARA Petroleum Tanzania of the stamp duty bill, the Tanzania Revenue Authority has issued a tax clearance certificate to the company.
The London-listed firm said the tax clearance certificate has now been submitted to the Tanzania Petroleum Development Corporation, to be forwarded to the Ministry of Energy.

It said it has now completed all the requirements to allow the minister to grant approval of the assignment of the 50% interest in the Ruvuma PSA to ARA Petroleum Tanzania, which is the final remaining condition to completion of the farm-out.

"This is a major milestone," said chief executive officer Robert Ambrose.

"With the receipt of the tax clearance certificate from the TRA and with the onward submission to the TPDC, Aminex has now accomplished all of the conditions within our control in order to complete the Ruvuma farm-out."

At 1145 BST, shares in Aminex were up 9.68% at 0.85p.

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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.

 

Aminex (CDI) Market Data

Currency UK Pounds
Share Price 1.23p
Change Today 0.000p
% Change 0.00 %
52 Week High 2.04
52 Week Low 0.78
Volume 203,285
Shares Issued 4,219.17m
Market Cap £51.68m
Beta 0.01
RiskGrade 495

Aminex (CDI) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
50.74% above the market average50.74% above the market average50.74% above the market average50.74% above the market average50.74% above the market average
39.13% below the sector average39.13% below the sector average39.13% below the sector average39.13% below the sector average39.13% below the sector average
Price Trend
90.19% below the market average90.19% below the market average90.19% below the market average90.19% below the market average90.19% below the market average
62.16% above the sector average62.16% above the sector average62.16% above the sector average62.16% above the sector average62.16% above the sector average
Income Not Available
Growth
64.49% below the market average64.49% below the market average64.49% below the market average64.49% below the market average64.49% below the market average
2.13% below the sector average2.13% below the sector average2.13% below the sector average2.13% below the sector average2.13% below the sector average

Aminex (CDI) Dividends

No dividends found

Trades for 03-Apr-2025

Time Volume / Share Price
16:26 1,779 @ 1.15p
10:06 201,246 @ 1.23p
08:30 260 @ 1.16p

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