Vast Resources (VAST)

Sector:

Mining

Index:

FTSE AIM All-Share

0.45p
   
  • Change Today:
    -0.060p
  • 52 Week High: 0.63
  • 52 Week Low: 0.11
  • Currency: UK Pounds
  • Shares Issued: 10,219m
  • Volume: 402,941,171
  • Market Cap: £45.99m
  • RiskGrade: 809
  • Beta: 0.21

Vast Resources raises ?0.66m via subscription from new investor

By Josh White

Date: Thursday 08 Aug 2019

LONDON (ShareCast) - (Sharecast News) - Vast Resources has raised in aggregate £0.66m through a placing of 595,454,545 ordinary shares at a price of 0.11p each, it announced on Thursday.
The AIM-traded firm said the subscription was undertaken by a new, unnamed institutional investor.

It said it had agreed to issue 17,000,000 warrants to subscribe for ordinary shares at an exercise price of 0.13p per share, and 17,000,000 warrants at an exercise price of 0.15p per share to the investor.

All warrants would expire on 8 August 2022.

"The subscription shares were issued under existing authorities available to the board relating to the company's Zimbabwe projects," the Vast Resources directors said in their statement.

"The cash raised from the subscription, which includes payment for expenditure already incurred, will be used for immediate strategic operational requirements in Zimbabwe."

Vast Resources said it was continuing to progress its financing discussions, and maintained its production targets by the end of 2019.

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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.

 

Vast Resources Market Data

Currency UK Pounds
Share Price 0.45p
Change Today -0.060p
% Change -11.76 %
52 Week High 0.63
52 Week Low 0.11
Volume 402,941,171
Shares Issued 10,219m
Market Cap £45.99m
Beta 0.21
RiskGrade 809

Vast Resources Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
48.15% below the market average48.15% below the market average48.15% below the market average48.15% below the market average48.15% below the market average
86.44% below the sector average86.44% below the sector average86.44% below the sector average86.44% below the sector average86.44% below the sector average
Price Trend
1.75% below the market average1.75% below the market average1.75% below the market average1.75% below the market average1.75% below the market average
45.60% above the sector average45.60% above the sector average45.60% above the sector average45.60% above the sector average45.60% above the sector average
Income Not Available
Growth
15.41% below the market average15.41% below the market average15.41% below the market average15.41% below the market average15.41% below the market average
11.48% below the sector average11.48% below the sector average11.48% below the sector average11.48% below the sector average11.48% below the sector average

Vast Resources Dividends

No dividends found

Trades for 18-Oct-2019

Time Volume / Share Price
17:06 3,770,028 @ 0.45p
16:37 65,571 @ 0.46p
16:34 2,000,000 @ 0.44p
16:31 3,500,000 @ 0.45p
16:29 605,969 @ 0.46p

Vast Resources Key Personnel

Chair Brian Michael Moritz
CEO Andrew Prelea
COO Craig James

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