Alba Mineral Resources (ALBA)

Sector:

Mining

Index:

FTSE AIM All-Share

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

Anti-fracking protestors banned from Horse Hill

By Duncan Ferris

Date: Tuesday 04 Sep 2018

LONDON (ShareCast) - (Sharecast News) - Anti-fracking activists have been banned from disrupting operations at the UK Oil and Gas operated and majority owned Horse Hill site near Gatwick Airport after an interim injunction.
A high court judge granted the injunction against protestors who have been 'slow walking' on roads at the site to disrupt vehicles, locking themselves to fences and climbing onto lorries in order to force drivers to abandon their journeys.

UKOG welcomed the ruling against what chief executive Stephen Sanderson called "disgraceful actions of a 50-strong mob".

"The actions employed by this mob, under the guise of what we understand to have been an 'activist training exercise', were threatening and intimidating to UKOG staff, contractors, local residents and the police. Nine arrests were made," said Sanderson.

The defendants are understood to be considering an appeal against the ruling which they have branded as only a partial victory for UKOG as it does not cover the company's headquarters in Guildford.

"We're going to fight on. We do not believe that powerful private companies should be able to use the law to silence and intimidate campaigners concerned about the dangers and damage to the environment and our communities," said the Weald Action Group.

As well as UKOG's 46.7% beneficial interest in Horse Hill, other stakeholders include AIM-listed Alba Mineral Resources, which has an 11.765% interest.

UKOG's shares were down 4.13% at 2.30p and Alba Mineral Resources' shares were little moved at 0.52p at 1040 BST.

UKOG was likely to be down as its 40%-owned Holmwood licence saw the lease for a proposed drill site cancelled by the minister for the Environment, Food and Rural Affairs.

On this, Sanderson said the decision was "disappointing, but not altogether surprising".

"As the Leith Hill Site was less than ideal, we now welcome the opportunity to plot a new way forwards to drill both the Holmwood prospect and other nearby prospective Kimmeridge targets in the near future."

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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 0.10p
52 Week Low 0.035p
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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