Anglo Pacific (LON:APF, TSX:APY) suggested its move from a premium listing to a standard listing could be behind the recent rise in the number of shares being traded.
Index-fund selling following the change of listing could be the reason for recent share price weakness, the company said.
The mining royalty specialist reminded investors it will pay a 4p per share interim dividend in February next year.
Anglo has investments in two producing coal mines and receives royalty payments from the amount of revenue generated.
It receives 1% in royalties from all sales at the Narrabri site, operated by Whitehaven, while royalties from Rio Tinto’s (LON:RIO) Kestrel site range and vary on a number of factors, but can reach as high as 15% of the coal mined and sold from its licences.
Shares were flat at 70p today.