Alba Mineral Resources shares continued to decline on Friday and dropped beneath yesterday’s placing price.
Yesterday, Alba raised £750,000 by means of a placing at 0.125p. Alba Mineral Resources shares were trading at 0.1175p at the time of writing on Friday.
- Advertisement -
The company said the funds would be used for continued exploration of the Clogau St David’s Gold Mine in Wales. Earlier this month, Alba announced they had received ecological permits to continue dewatering works at the project and already had a technical team on site conducting preparation work.
Alba Mineral Resources shares have lost 28% of their value over the past year.