Ortac Resources shares soared as investors turned their eyes on the potential of gold production in Solvakia.
The AIM-listed gold explorer lifted 22.82% to a mid of 0.635p, showing a trend of major gold companies, according to broker Seymour Pierce.
Traders are expecting good results from the 1.3m ounce turec Gold Deposit in Slovakia where the results of the pre-feasibility are due this quarter.
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The company will thereafter begin work on an environmental and social impact assessment which will enable a definitive feasibility study.
Last month the firm unveiled interim results, reporting a loss of £0.79m and a cash position of £6.7m as of September 30th.
RD
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Live: Did UK inflation rise in December? What to expect from tomorrow’s reportDecember’s inflation report will be published at 7.00am tomorrow. The team at MoneyWeek is reporting live.
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Newspaper baron David Montgomery to bid for The TelegraphVeteran media mogul David Montgomery has seen off a bid for his media group National World. But he now has his eye on The Telegraph
