Leed Resources (LDP)

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 0.050p
   
  • Change Today:
      0.000p
  • 52 Week High: 0.11
  • 52 Week Low: 0.045
  • Currency: UK Pounds
  • Shares Issued: 3,105.18m
  • Volume: 0
  • Market Cap: £1.55m
  • RiskGrade: 466
  • Beta: 0.79

Leed Petroleum jumps after coking coal acquisition

By Benjamin Chiou

Date: Monday 12 Sep 2011

LONDON (ShareCast) - Shares in Leed Petroleum, the AIM-listed natural resources investment company, jumped by 20% on Monday after the acquisition of a 17.5% stake in Kyrgyz Republic-focused coking coal firm Manas Coal.

"The investment in Manas represents an opportunity to buy into a prospectively high value coal project at an attractive valuation. Manas expects in the coming months to complete a full evaluation and development plan and Leed looks forward to a developing relationship with the right to participate in the future development of the project," said Leed's chairman Peter Redmond.

Leed said that, based on government estimates, there is an estimates reserve of around 114m tons of high grade coking coal in the area covered by the Manas licence. Leed has loan £750,000 to Manas and issued 166,666,667 ordinary shares to Manas shareholders at a price of 0.15p per share (with an aggregate value of £250,000) as well as 166,666,667 warrants to subscribe for new ordinary shares in Leed at a subscription price of 0.15p per share.

"While this investment falls outside of Leed's historic focus on oil, it represents a stake in an energy project with strong upside potential," Redmond said.

Shares were trading at 0.12p by 14:00, 20% higher than Friday's close of 0.1p.

BC

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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 0.050p
Change Today 0.000p
% Change 0.00 %
52 Week High 0.11
52 Week Low 0.045
Volume 0
Shares Issued 3,105.18m
Market Cap £1.55m
Beta 0.79
RiskGrade 466

Leed Resources Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
20.73% above the market average20.73% above the market average20.73% above the market average20.73% above the market average20.73% above the market average
2.80% above the sector average2.80% above the sector average2.80% above the sector average2.80% above the sector average2.80% above the sector average
Price Trend
84.48% below the market average84.48% below the market average84.48% below the market average84.48% below the market average84.48% below the market average
58.4% below the sector average58.4% below the sector average58.4% below the sector average58.4% below the sector average58.4% 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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