Leed Resources (LDP)

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 0.060p
   
  • Change Today:
      0.000p
  • 52 Week High: 0.14
  • 52 Week Low: 0.053
  • Currency: UK Pounds
  • Shares Issued: 3,105.18m
  • Volume: 0
  • Market Cap: 1.86m
  • RiskGrade: 387

Viridas flogs Leed Petroleum stake

Date: Tuesday 24 Jan 2012

LONDON (ShareCast) - Viridas, the natural resource investment firm, has decided the time is right to cash in on its investment in fellow investor in natural resources, Leed Petroleum.

The company made just short of 2.9m after selling 592.7m Leed shares at 0.48p per share. Following this sale, Viridas will continue to hold 166.7m warrants to subscribe for new ordinary shares at a subscription price of 0.15p per share.

Crucially, Leed has an investment in Manas Coal which is trying to find coking coal deposits in the Kyrgyz Republic and , according to Viridas, has attracted considerable attention from suitors.

Viridas Chairman Nicholas Lee will remain as a director of Leed. He commented on the disposal: I see the current interest in Leed as being an endorsement of our initial investment decision and a strong indication that Leed is set for an exciting future."

Viridas shares were up 1.67% by 11am. Over the last year the stock has dropped 85%.

Leed Petroleum had dropped nearly 10% by 11:37am. Its value has declined 98% since January last year.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Leed Resources Market Data

Currency UK Pounds
Share Price 0.060p
Change Today 0.000p
% Change 0.00 %
52 Week High 0.14
52 Week Low 0.053
Volume 0
Shares Issued 3,105.18m
Market Cap 1.86m
RiskGrade 387

Leed Resources Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
8.87% above the market average8.87% above the market average8.87% above the market average8.87% above the market average8.87% above the market average
3.77% above the sector average3.77% above the sector average3.77% above the sector average3.77% above the sector average3.77% above the sector average
Price Trend
88.34% below the market average88.34% below the market average88.34% below the market average88.34% below the market average88.34% below the market average
69.6% below the sector average69.6% below the sector average69.6% below the sector average69.6% below the sector average69.6% below the sector average
Income Not Available
Growth Not Available

Leed Resources Dividends

No dividends found

Trades for --2014

Time Volume / Share Price
0 @ 0.000p

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