24th Jan 2017 15:07
LONDON (Alliance News) - Connemara Mining Co PLC on Tuesday responded to a sudden surge in the company's share price following the appointment of a new technical director.
Connemara appointed Gavin Berkenheger to the board on Tuesday as the company's new technical director to utilise his extensive experience in Irish zinc and gold.
Connemara shares were trading 36% higher on Tuesday afternoon at 2.28 pence per share, having hit a high of 2.70 pence per share earlier in the day, prompting a response from the company.
"The company notes the rise in its share volume and price and whilst the board share investors' enthusiasm for Berkenheger's appointment as technical director, announced earlier today, they are not aware of any reason for the increase in the price and volume to trading today," said Connemara in a statement later Tuesday.
By Joshua Warner; [email protected]; @JoshAlliance
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