3rd Mar 2015 09:10
LONDON (Alliance News) - Bacanora Minerals Ltd shares were trading higher on Tuesday morning after Rare Earth Minerals PLC said it would up its stake in the company to slightly over 15%.
Rare Earth said it has increased its stake in Bacanora to 15.02% though making further market purchases totalling GBP334,564. It previously held a 14.48% stake.
Bacanora shares were up 12% to 81.90 pence on Tuesday, one of the best performers in the London Main Market, while Rare Earth shares were down 0.9% to 0.902 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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BCN.LRare Earth Metals