13th Mar 2015 10:24
LONDON (Alliance News) - Wildhorse Energy Ltd on Friday said its pretax loss narrowed in the first half of its financial year as it brought down its operating costs.
Wildhorse said its pretax loss for the six months to the end of December was USD327,947, compared with a USD1.1 million loss a year earlier. Group expenses fell to USD328,069 from USD1.2 million.
Wildhorse is now focusing on the Golden Eagle uranium and vanadium project in Colorado and is working on the divestment of its holdings in the Mecsek Hill uranium project in Hungary, part of its strategic decision to exit its operations in Europe.
Shares in Wildhorse were down 5.8% to 2.825 pence on Friday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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