AIM-listed multi-commodity mining company African Consolidated Resources' share price rose sharply after existing investor Brimfell Investment Holdings ramped up its exposure to the company.
Brimfell Investment tripled its shareholding in the Zimbabwe-focused mining company to more than 10% of voting rights from 3% previously.
Its shareholding increased to 66.2m shares from 21.2m prior to the transaction.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
African Conslidated Resources' share price rose 13.79% to 4.12p at 11:58.
MF
-
Tycoon Truong My Lan on death row over world’s biggest bank fraudProperty tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
-
Why undersea cables are under threat – and how to protect themUndersea cables power the internet and are vital to modern economies. They are now vulnerable
