Ajax Resources Share News (AJAX)

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IN BRIEF: Ajax Resources posts loss, focused on finding acquisition

Tue, 09th Aug 2022 19:11

Ajax Resources PLC - special purpose acquisition company with a focus on natural resources - Says pretax loss for period June 21, 2021, to February 28, 2022, is GBP79,625. This is derived from administrative expenses. Firm listed on London Main Market in April. Since IPO, firm says it has been "active" in reviewing some opportunities in natural resources sector, focusing on production and development assets in "low-risk jurisdictions". "As we look to our future near-term progress, we are greatly encouraged by the current energy pricing climate and the many opportunities we believe this has created for experienced and well-connected management teams. To this end, our efforts are proactively now centred on identifying and completing an acquisition with transformational value creation potential for shareholders," it says.

Current stock price: 4.25 pence

12-month change: up 6.3% from IPO price of 4p

By Lucy Heming; lucyheming@alliancenews.com