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Berkeley Energia knows of no reason why its share price has risen

Berkeley Energia owns the Salamanca uranium project in Spain

Uranium on periodic table
A rise in the uranium price is expected in the next couple of years

Berkeley Energia Ltd (LON:BKY)(ASX:BKY) has told the Australia Securities Exchange it knows of no reason why its shares rose significantly in trading on 28 May.

Berkeley’s shares in London rose by nearly 20% to 18.25p in early trade following the boost in Australia.

READ: Berkeley Energia awaiting final approvals to kick off construction of Salamanca uranium mine

The company did make reference in its response to the query from the Securities Exchange to recent municipal elections in Retortillo, Spain, where the People's Party now hold four of the five council seats.

 

 

Quick facts: Berkeley Energia Ltd

Price: 15.75 GBX

LSE:BKY
Market: LSE
Market Cap: £40.71 m
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Watch

Caution over Berkeley Energia report casting doubt over Spanish government...

Numis Securities analyst Justin Chan chats to Proactive London's Andrew Scott following a Reuters report suggesting Spain’s government will not issue the required permits for construction of Berkeley Energia Ltd 's (LON:BKY) Salamanca mine to go-ahead, even though the project was granted...

on 17/10/18

2 min read