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African Consolidated Resources' share price jumps after stakeholder triples interest

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.

by: moneyweek
25 Jan 2013

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.

African Conslidated Resources' share price rose 13.79% to 4.12p at 11:58.

MF

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