logo-loader

Atlantic Coal aglow after MD ups his stake

Published: 15:05 22 Oct 2013 BST

no_picture_pai

Shares in Atlantic Coal (LON:ATC) rose by more than a third in afternoon trading on Tuesday after a strong show of faith by the company’s managing director, Steve Best.

Best put his hand in his pocket and purchased 7.3mln shares, taking his stake to 300.8mln shares, representing 23.1% of the issued share capital of the coal miner.

Shares have doubled over the last month after the company bounced back firmly into the black at the half-year.

Best paid 0.27p a share for his latest purchase, costing a total of £19,710. He's already sitting on a paper profit; shares rose 45% to 0.304p in late afternoon trading.

Oriole Resources outlines 2023 achievements and future exploration plans

Oriole Resources PLC (AIM:ORR) CEO Tim Livesey and chief financial officer Bob Smeeton join Proactive's Stephen Gunnion with details of the company's 2023 financial and operational performance. Livesey highlighted successful exploration programs in Cameroon, at the Bibemi and Mbe projects,...

1 hour, 22 minutes ago