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Pin to quick picksBezant Res Share News (BZT)

Share Price Information for Bezant Res (BZT)

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Share Price: 0.0225
Bid: 0.02
Ask: 0.025
Change: -0.0025 (-10.00%)
Spread: 0.005 (25.00%)
Open: 0.0225
High: 0.0244
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STOCKS NEWS EUROPE-UK small caps edge up; Picton Property gains

Wed, 22nd Jan 2014 12:56

The FTSE small cap index rises 0.1 percent, outperforming the juniorFTSE AIM All Share index, which is down 0.1 percent.

Shares in Picton Property Income rise 3 percent as the fund reportsits net assets increased 13.5 percent to 204.3 million pounds ($336.35million)in the last three months of the 2013.

"Today's announcement highlights the accelerating pace of the secondarymarket recovery and the significant benefit of a higher than sector averagegearing level at this point in the cycle," Liberum's analysts write in a note,reiterating their "buy" recommendation on the stock.

Volume on the shares is nearly twice its full-day average for the past threemonths, compared with just over half the average for the FTSE small cap index.

AIM-listed Bezant Resources falls 5.3 percent in volume 20 times theaverage as Gold Fields Netherlands Services decides not to exercise an option tobuy Bezant's Mankayan copper-gold project in the Philippines.

Gold Fields had until the end of the month to choose whether or not to buythe project, for which the price had been set at $60.5 million.

Reuters messaging rm://francesco.canepa.thomsonreuters.com@reuters.net

($1 = 0.6074 British pounds)

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