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9 Mar 2018 00:53

Australia shares range-bound; NZ touches 1-week high

* Financials, healthcare, industrials lead gains in Australia * Material sector hurt as commodity prices dropped * NZ hits 1-week high By Christina 9 - up

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15 Feb 2013 12:54

GMA Resources shares rocket

Small cap miner GMA Resources saw its shares rocket over 70 per cent to 0.19p on Friday, despite the only news out on the company being that it had issued 106 ordinary shares. Despite the strong rise the stock is still down over 20% over the past year. The company recently proposed a capital reor

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25 Jan 2012 08:17

GMA Resources says share price movement a mystery

GMA Resources, the Algeria-focused mining firm, has released a statement about yesterday's share price movement, saying it knows of no reason why the share price jumped. The share price jumped from 0.18p (closing price on Monday) to 0.42p last night, a 133% increase. Shares pulled back today, falli

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19 Oct 2011 16:50

London close: Banks buoyed by bailout beef-up

Footsie enjoyed a buoyant if unspectacular day, with almost two-thirds of its constituents finishing in the blue. The market shrugged off the news that Spain's credit rating has been cut by two notches by the Moody's rating agency, and preferred to concentrate on a report in The Guardian newspaper

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19 Oct 2011 11:59

London midday: Stocks stay buoyant

Shares are buoyant today, winning back some of the previous day's losses despite ongoing worries over the Eurozone. A 48-hour general strike has been called in Greece ahead of a vote on austerity measures. Spain, meanwhile, had its credit rating cut by two notches last night by the Moody's rating a

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19 Oct 2011 09:37

GMA Resources sees gold and silver production fall

Algeria-focused mining firm GMA Resources saw both gold and silver production fall in the third quarter. Total production from the Amesmessa mine for the third quarter saw 1,814 ounces of gold (Q2: 2,368.9 oz) and 347.1 ounces of silver (Q2: 516.9 oz). The firm attributed the drop to falling gol

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15 Jul 2011 09:13

Gold and silver output fall at GMA's Algerian mine

Algerian precious metal miner GMA Resources fell more than 2% after reporting a drop in gold and silver production for the third consecutive quarter at its Amesmessa gold mine in south west Algeria. GMA attributed lower gold production as Amesmessa to the falling gold grades in the last 18 months.I

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11 Mar 2011 10:28

Small cap round up: Maintel, GMA Resources, Petro Matad...

Maintel, the supplier of telecoms products and services to businesses, posted a decent rise in profits last year as sales picked up following a tough 2009, but predicts a difficult 2011. Pre-tax profits in the year to 31 December climbed by 12% from 2009 to £2.673m, on revenues that were up 13% at

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12 Jan 2011 08:01

GMA hit by drop in grade of mined ore

The share price of Algerian gold and silver miner GMA Resources plunged by more than a third Wendesday morning after a disappointing production update. The Amesmessa gold mine in Algeria produced 4,733 oounces of gold in thefourth quarter, down from 7,259 ounces in the preceding quarter. Silver pr

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17 Dec 2010 12:30

Small caps round-up: CBG, GVC, Intandem...

Insurance broker CBG warned this year's revenue is likely to be lower than market forecast and as result, adjusted profit before tax is expected to be significantly below current expectations. The market background for the insurance broking division remains highly competitive and margins remain und

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6 Oct 2010 12:16

GMA shines after record gold output

Shares in GMA Resources soared after Algerian gold miner reported a sharp rise in production of the yellow metal in the third quarter, with strong output in September generating record monthly revenues. The Amesmessa gold mine in Southern Algeria produced 7,259 ounces of gold during the three month

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20 Sep 2010 08:58

Small caps round-up: Corero, GMA, TEG ...

Software company Corero scraped into the black in the first half of the year with a pre-tax profit of £21,000, versus a loss the year before of £0.45m. Revenues edged higher to £2.21m from £2.20m a year earlier. "The outlook for the Business Systems division is positive as it is a major provider o

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30 Jun 2010 09:53

GMA Resources To Raise GBP1.6M Via Share Subscription

LONDON (Dow Jones)--GMA Resources PLC (GMA.LN), which owns a controlling 52% stake in ENOR spa, the Algerian based operating company for the Tirek-Amesmessa project, said Wednesday it has entered into subscription agreements with Sahara Gold Ltd , a unit of ASCOM Precious Metals Mining SAE, which ha

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30 Jun 2010 09:40

GMA Resources FY Pretax Loss GBP8.6M On Revenue GBP20.4M

LONDON (Dow Jones)--GMA Resources PLC (GMA.LN) said Wednesday that for the year ended Dec. 31, 2009 it made a pretax loss of GBP8.6 million on revenue of GBP20.4 million. MAIN FACTS: -Revenue GBP20.4 million (2008: GBP7.8 million) -Operating loss GBP6.5 million (2009: loss GBP6.5 million

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15 Jun 2010 16:39

London close: Higher finish for FTSE 100

British Satellite Broadcasting (BSkyB) was in focus Tuesday, climbing more than 16% to help Footsie to a higher finish after an offer from News Corp. News Corporation, the vehicle of media magnate Rupert Murdoch, is fed up being a 39.1% minority shareholder in BSkyB and wants to gain full control o

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