ECR Minerals PLC - Gold explorer with assets in Australia, Argentina and the Philippines - Pretax loss widens to GBP403,079 in six months ended March 31 from GBP351,622 year-on-year, because of increased administrative expenses. Net cash rises to GBP3.9 million as of March 31 from GBP188,852 a year before, following equity fundraising. Talks are ongoing for a commercial transaction related to the Creswick project, Victoria, Australia. Outlook for gold and assets in Victoria is positive.
Current stock price: 1.94 pence
Year-to-date change: down 51%
By Ivan Edwards; ivanedwards@alliancenews.com
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ECR Minerals (ECR)