Anglesey Mining Plc (LON: AYM) reported reduction in loss for H1 FY 20

1 min read | December 11, 2020 01:02 PM GMT | By Team Kalkine Media

 

Anglesey Mining Plc (LON:AYM) has released its Half yearly report for the six months to 30 September 2020.

For the reported period, the group had no revenue, though the loss for the six months to 30 September 2020 lowered to £152,882 as compared to £156,600 in the same period of 2019.

  • The expenditures on the mineral property increased to £27,827 compared to £26,527 in the comparative period.
  • As of 30 September 2020, the net current assets of the company stood at £94,895 compared to £13,572 as at 31 March 2020.
  • The company has reported that since the period end a further £225,000 gross has been raised from the exercise of warrants.
  • Two of the company’s projects have moved ahead through the commissioning of expansion studies and the results of both these should be presented in the coming weeks.
  • The stocks of the company on 11 December 2020, traded higher by 11.36% from its previous closing, hovering at around GBX 6.13 at 12:29 PM GMT+1.

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