19th Jun 2015 07:51
LONDON (Alliance News) - Teathers Financial PLC Friday said it has invested GBP25,000 in Hummingbird Resources Ltd through the purchase of 75,758 shares at 33 pence each.
The AIM quoted investment company said the share purchase represents approximately 0.07% of Hummingbird's issued share capital.
Fellow AIM-listed Hummingbird is a West African gold exploration and development company. In 2014, it reported a pretax loss of USD3.4 million and does not generate revenue. As at December 31, 2014, it had net assets worth USD67.9 million.
Shares in Teathers were trading down 4.3% at 3.11 pence Friday morning, while Hummingbird shares were trading up 0.7% at 34.75 pence.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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