Europa Metals Ltd - London and Johannesburg-listed lead zinc explorer - Not aware of any reason for its recent share price jump. Since mid-July, Europa's share price has risen to 17.25 pence from 5.0p in London and to ZAR30.20 from just ZAR0.40 in Johannesburg. "Since the general meeting and subsequent consolidation of Europa Metals shares on AIM, Europa Metals has seen substantial buying activity on both AIM and the Altx. The company knows of no reason or material event not yet disclosed to the market at this time to explain the increase," the company said. Europa said it will continue to monitor trading activity in its shares. The company noted its stock, pre-consolidation, was "highly volatile" and its price Thursday is roughly the same compared to a year ago.
"The new, post share consolidation, pricing normalises Europa Metals next to the company's peers and allows easier comparison of the equity valuation in the context of the company's core asset, the Toral lead, zinc and silver project in Spain, which has been significantly advanced by the company," Europa added.
Current London stock price: 17.25 pence
Year-to-date change: up 50%
Current Johannesburg stock price: ZAR15.53
Year-to-date change: more than tripled
By Paul McGowan; paulmcgowan@alliancenews.com
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Europa Metals (EUZ)