26th Oct 2015 08:51
LONDON (Alliance News) - Anglo Pacific Group PLC on Monday said it knows of no reason for the recent weakness in its share price.
The mining royalties company said it thinks the large trading volumes on its shares has been due to index-fund selling resulting from it moving from a premium listing to a standard listing in London, which means it is no long eligible for inclusion in the indices and therefore for the funds to hold its shares.
Shares in Anglo Pacific shares were up 0.9% on Monday morning to 71.38 pence, less than half its 52-week high of 145.00p.
By Sam Unsted; [email protected]; @SamUAtAlliance
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