Proactive Investors - Run By Investors For Investors

Azarga clears up heavy trading volume mystery

Azarga shareholders can stop fretting; Wednesday's spike in trading volumes was apparently caused by a fund, that is being wound up, exiting its position.
Trader
It was a bit of a head-scratcher

Azarga Metals Corp (CVE:AZR) has got to the bottom of why its shares were so heavily traded on Wednesday, 5 April.

Azarga understands that a fund that is in the process of being wound up offloaded its entire holding of 1.25mln shares.

The sale came a day after Azarga’s shares surged following the announcement of a maiden resource estimate at its Russian copper-silver asset, Unkur.

Read Azarga Metals is sitting on a copper-silver resource of major significance at Unkur

Watch 'We've barely scratched what Unkur can be', says Azarga Metals' Dusty Nicol

Azarga Metals continues to be excited by the positive progress being made at its Unkur copper-silver project, the company said.

Shares were unchanged in early trading on Friday.

View full AZR profile View Profile

Azarga Metals Timeline

Related Articles

Arizona Silver Exploration hoping to hold two aces down in Arizona
November 29 2018
The company also owns the former producing Ramsey silver mine in the US state
1535988485_Azarga,_Unkur,_copper,.png,_men,_rocks.png
September 03 2018
Last week, Azarga published the report, which showed a pre-tax net present value of US$203.6mln..

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use