Epic & Msn data
| Epic |
OVG |
| Time: |
10:14:55 |
| Mid Price: |
15.00 |
| Change Today: |
-0.25
 |
| Change % Today: |
-1.64 |
| Fifty Two Week High: |
28.75 |
| Fifty Two Week Low: |
11.25 |
| Market Capital: |
13.27 |
Period & price data
| Period |
Price |
| Now: |
15.00 |
| 3 Months ago: |
|
| 6 Months ago: |
|
| 1 Year ago: |
|
Ovoca Gold has a portfolio of exploration properties in Russia prospective for gold, zinc, molybdenum and copper.
Ovoca Gold sells 3.75 million shares in JSC Polymetal for US$21.5 million
Its official, Ovoca Gold’s (AIM:OVG) market capitalisation is now substantially less than the value of its equity stake in Russian gold and silver producer JSC Polymetal combined with its cash reserves.
Ovoca Gold agreed to sell its flagship silver asset in Russia to JSC Polymetal in 2008, and completed on the transaction in January 2009. On completion of the deal, Ovoca Gold was issued 7.5 million shares in the Russian producer and paid just over US$3 million in cash for the project.
This afternoon, Ovoca Gold confirmed that it had sold half of its equity stake in JSC Polymetal – 3.75 million shares – for approximately US$21.5 million (€15.7 million) – more than double their value in November 2008.
Ovoca Gold shares are traded in Euros, as it is also listed on the Irish Stock Exchange. At the close of trading today, the junior mining outfit was valued at €10.7 million.
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