AVM.L - Avocet Mining plc

LSE - LSE Delayed Price. Currency in GBp
13.10
0.00 (0.00%)
At close: 4:35PM BST
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Previous Close13.10
Open11.62
Bid0.00 x 0
Ask0.00 x 0
Day's Range11.62 - 11.62
52 Week Range4.80 - 27.90
Volume2,500
Avg. Volume0
Market Cap2.739M
Beta (3Y Monthly)4.36
PE Ratio (TTM)0.54
EPS (TTM)24.30
Earnings DateOct 1, 2018
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2012-05-09
1y Target Est0.11
  • Reuters

    UPDATE 2-Elliott-funded Avocet to shut shop in face of high debt

    Gold Miner Avocet plans to close down its business after selling off its last significant asset in Guinea, the London-listed miner said on Friday, crumbling under mounting debt. Avocet, which had warned in October that it could be broken up while it was still in talks with its largest shareholder Elliott Management to restructure its debt, said it would pay creditors with whatever cash remained. The West Africa focussed miner has relied primarily on loans from Elliott since 2014 due to cash flow shortages resulting from a fall in gold prices and lower production at its Inata mine in Burkina Faso..

  • Reuters

    Gold miner Avocet warns of a company break-up, shares tank

    The company, which debuted on the London Stock Exchange in 2007 at 1,200 pence a share, has lost nearly all of its value and was trading at 9.9 pence. The company said that it has sufficient funds to operate for the next 12 months provided that the capital and interest on Elliott's loan will not have to be paid in the period. "A possible outcome of these discussions could be that the Avocet Group is broken up further in an orderly manner and eventually wound up," Avocet said in its statement.

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