KGL RESOURCES
www.kglresources.com.au/
Full KGL Resources profile here
KGL Resources (ASX: KGL) is focused on the development of the Jervois copper project in the Northern Territory
inShare
KGL Resources' shares rally 35% in a week
Wednesday, January 22, 2014 by Proactive Investors
KGL Resources' shares have rallied 35% over the past week.
KGL Resources' (ASX: KGL) shares closed 3.9% firmer yesterday on volume of 4 million shares traded, with the stock now up around 35% in just the past week.
Towards the end of 2013, KGL announced the sale of the Murchison Gold Project for a total cash consideration of $15 million.
Completion of the sale is conditional on obtaining approval from the Foreign Investment Review Board and several other conditions which are normal for a transaction of this type.
The sale would boost KGL's cash balance to around $22 million, and with 140 million shares on issue - this equates to around $0.157 per share in cash.
KGL's focus is on the Jervois copper project in the Northern Territory, where the company recently intersected massive and semi-massive sulphides.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.
why the spike in sp, page-39
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $64.81M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $4.239K | 41.38K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 78628 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 42032 | 1 |
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| Last trade - 13.33pm 11/11/2024 (20 minute delay) ? |
| KGL (ASX) Chart |