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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  GCM Resources Plc    GCM   GB00B00KV284

GCM RESOURCES PLC

(GCM)
  Report
Delayed Quote. Delayed London Stock Exchange - 07/14 05:01:58 am
14.19999 GBX   +1.43%
06/29GCM RESOURCES : Dyani Extend Power Plant, Mining Consulting Pact; Shares Jump
DJ
06/29GCM RESOURCES : Extension of Consulting Agreement with Dyani
PU
06/01GCM RESOURCES : Extension of Share Options
PU
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GCM Resources : Dyani Extend Power Plant, Mining Consulting Pact; Shares Jump

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06/29/2020 | 08:50am EDT

By Ian Walker

 

Shares of GCM Resources PLC jumped 18% Monday after the company said that its power plant and mine consulting agreement with Dyani Corporation Ltd. in Bangladesh has been extended for an extra two years until June 30, 2022.

The AIM-listed mining and energy company said the extension is on the same terms as previously agreed. It added that it believes Dyani has been instrumental in the memorandum of understanding with China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd. and Power Construction Corporation of China, Ltd. which is critical to GCM achieving its goals.

Shares at 1220 GMT were up 0.50 pence, or 2.9%, at 17.50 pence, having peaked at 20 pence shortly after the announcement was made.

 

Write to Ian Walker at ian.walker@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
GCM RESOURCES PLC -0.71% 14 Delayed Quote.9.80%
POWER CONSTRUCTION CORPORATION OF CHINA LTD 6.28% 4.74 End-of-day quote.9.22%
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Latest news on GCM RESOURCES PLC
06/29GCM RESOURCES : Dyani Extend Power Plant, Mining Consulting Pact; Shares Jump
DJ
06/29GCM RESOURCES : Extension of Consulting Agreement with Dyani
PU
06/01GCM RESOURCES : Extension of Share Options
PU
04/15GCM RESOURCES : Share Issue
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04/14GCM RESOURCES : Extension of MOU with NFC and PowerChina
PU
03/25GCM RESOURCES : Interim Results
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03/20GCM RESOURCES : Results of the Annual General Meeting
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03/19GCM RESOURCES : Alternate Director
PU
03/10GCM RESOURCES : AGM Adjourned
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03/09GCM RESOURCES : Notice of intention to adjourn AGM
PU
More news
Financials
Sales 2019 - - -
Net income 2019 -6,02 M -7,56 M -7,56 M
Net Debt 2019 1,96 M 2,46 M 2,46 M
P/E ratio 2019 -3,46x
Yield 2019 -
Capitalization 15,8 M 19,9 M 19,8 M
EV / Sales 2018 -
EV / Sales 2019 -
Nbr of Employees 18
Free-Float 44,6%
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Income Statement Evolution
Managers
NameTitle
Vee Mun Tang Executive Chairman
Gary Norman Lye Chief Operating Officer
Keith Fulton Finance Director & Secretary
Mohamed Najib bin Abdul Aziz Non-Executive Director
Christian Taylor-Wilkinson Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
GCM RESOURCES PLC9.80%20
CHINA SHENHUA ENERGY COMPANY LIMITED-16.71%44 721
GLENCORE PLC-24.20%29 306
SHAANXI COAL INDUSTRY COMPANY LIMITED-11.57%10 899
COAL INDIA LIMITED-38.25%10 757
CHINA COAL ENERGY COMPANY LIMITED-33.98%6 598