Alba Mineral Resources (ALBA)

Sector:

Mining

Index:

FTSE AIM All-Share

 0.045p
   
  • Change Today:
      0.000p
  • 52 Week High: 0.10
  • 52 Week Low: 0.035
  • Currency: UK Pounds
  • Shares Issued: 9,726m
  • Volume: 5,591,684
  • Market Cap: £4.38m
  • RiskGrade: 447

Alba Mineral Resources widens FY loss

By Andrew Schonberg

Date: Wednesday 03 May 2017

LONDON (ShareCast) - (ShareCast News) - Alba Mineral Resources has widened its full-year pre-tax loss as it seeks to commercialise its UK oil and gas investments.
Pre-tax loss for the period was £0.43m, from a loss of £0.29m.

"The past year has seen the Company make significant strides forward in the development of our key assets," the company said.

It noted that oil and gas investments at Horse Hill and Brockham had to pass thorugh normal regulatory processes in the UK, which was potentially frustrating to shareholders.

"It is for this reason that, having identified an opportunity to invest initially on a modest earn-in basis into the Amitsoq Graphite Project in Southern Greenland, the Company's work in 2016 led it to see the significant potential of the project."

It had consequently decide to negotiate to acquire outright a 90% interest in the project, with the right to move to 100% ownership in the future.

"The coming year promises to be an exciting one for Alba, as we seek to commercialise our UK oil and gas investments," it said.

At the same time, the company would push forward with the further work at Amitsoq that would see the project progress from the exploration into the development phase.

At 10:42 BST, shares in AIM-listed Alba were down 1.92% to 0.26p each.

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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.

 

ALBA Market Data

Currency UK Pounds
Share Price 0.045p
Change Today 0.000p
% Change 0.00 %
52 Week High 0.10
52 Week Low 0.035
Volume 5,591,684
Shares Issued 9,726m
Market Cap £4.38m
RiskGrade 447

ALBA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
38.83% above the market average38.83% above the market average38.83% above the market average38.83% above the market average38.83% above the market average
20.63% above the sector average20.63% above the sector average20.63% above the sector average20.63% above the sector average20.63% above the sector average
Price Trend
82.62% below the market average82.62% below the market average82.62% below the market average82.62% below the market average82.62% below the market average
66.42% below the sector average66.42% below the sector average66.42% below the sector average66.42% below the sector average66.42% below the sector average
Income Not Available
Growth Not Available

ALBA Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
16:26 984,251 @ 0.043p
15:59 422,066 @ 0.045p
15:21 5,032 @ 0.046p
14:51 1,404,242 @ 0.045p
12:00 10,000 @ 0.042p

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