24th Jul 2015 10:42
LONDON (Alliance News) - Tungsten Corp PLC Friday said Non-Executive Director Nicholas Parker bought 50,000 shares at a price of 67.999 pence per share Wednesday.
Following this transaction, Parker now has a beneficial interest in 121,250 ordinary shares, representing 0.1% of the total voting rights.
Tungsten on Wednesday reported a wider loss in its last financial year, as revenue growth was outweighed by higher operating expenses.
The electronic invoicing, analytics and financing company said it made a GBP27.3 million pretax loss in the year ended April 30, compared with GBP11.1 million in the prior year.
Shares were up 4.9% at 77.65p Friday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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