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
Read moreFri, 11th Mar 2011 10:28
* Financials, healthcare, industrials lead gains in Australia * Material sector hurt as commodity prices dropped * NZ hits 1-week high By Christina 9 - up
Read moreSmall 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
Read moreGMA 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
Read moreFootsie 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
Read moreShares 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
Read moreAlgeria-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
Read moreAlgerian 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
Read moreThe 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
Read moreInsurance 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
Read moreShares 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
Read moreSoftware 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
Read moreLONDON (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
Read moreLONDON (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
Read moreBritish 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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