Altona Energy

ANR: 0.36 0.00 (0.00%)

Delayed:2018-02-23 16:57:12
Bid Price 0.35 High Price 0.40
Ask Price 0.45 Low Price 0.36
Open Price 0.37 Spread 25.00%
Prev Close 0.40 Volume 1,561,563.00

Altona Energy Share Price Chart


Historic - 1 year

Altona Energy Share Price Information

Name Altona Energy Epic ANR
Sector Mining ISIN GB00B06GJT32
Activites Altona Energy plc's principal focus is on the evaluation and development of the Company's flagship Arckaringa Project to exploit the significant coal resources contained in three exploration licences covering 2,500 sq. kms in the northern portion of the Permian Arckaringa Basin in South Australia. The Project is designed to produce either coal or syngas products for the Australian market and export from an historic resource exceeding 7.8 billion tonnes of coal (1.3 billion tonnes historic JORC (2004) compliant). Security Type Equity

Key numbers

Latest Share Price (p) 0.40 Net Gearing (%) 0.74
Market Cap (£m) 5.92 Gross Gearing (%) 0.86
Shares in issue (m) 1,558.96 Debt Ratio 0.00
P/E Ratio -9.50 Debt-to-Equity Ratio 0.00
Divs per share (p) 0.00 Assets / Equity Ratio 1.01
Dividend Yield (%) 0.00 Price to book value 0.50
Dividend Cover 0.00 SROCE (%) -2.90
Earning per share (p) -0.04 EPS Growth (%) -500.00
52-week high / low (p) 0.90 / 0.13 DPS Growth (%)

Altona Energy Broker Views

Date Broker Rec. Price Old target price New target price Notes
02 Feb Northland Capital Corporate 0.36 Reiterates
10 Jan Northland Capital Corporate 0.36 Reiterates
19 Dec Northland Capital Corporate 0.36 Reiterates
30 Nov Northland Capital Corporate 0.36 Reiterates
23 Nov Northland Capital Corporate 0.36 Reiterates

Altona Energy Director Deals

Date Director Type Volume / Price Trade Value
11 Sep 2017 Phillip Sutherland Buy 500000 @ 0.27p £1,350.00

Altona Energy Company News

Altona Energy forges early-stage agreement to develop Australian coal mine

Altona Energy said it had signed an early-stage agreement with joint venture partners Wintask Group Sino-Aus Energy Group to assess the potential for a conventional coal mine in the Westfield tenement in South Australia.

Wintask and Sino-Aus confirmed that the level of funding committed in the 2014 JV could be made available to develop the project, totaling A$3.3m and A$29.7m for each partner, respectively.

The agreement was a non-binding 'memorandum of understanding'.

'This level of funding would represent more than twice the company’s current market capitalisation,' chief executive Nick Lyth said.

'The economics of conventional coal mining in Australia are at their strongest level for several years with a number of thermal coal mine companies, such as Whitehaven Coal, showing significantly higher share prices and exceptional profits.'

'I look forward to reporting progress on our exploration to shareholders, along with further updates on our tenement licence renewals and third-party agreements.'

At 2:10pm: (LON:ANR) Altona Energy PLC share price was -0.03p at 0.45p

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Altona resolutions passed at AGM

Altona Energy announced that at, its Annual General Meeting held earlier today, all resolutions were duly passed.

At 1:21pm: (LON:ANR) Altona Energy PLC share price was -0.03p at 0.53p

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Coal seam confirmed at Altona's Westfield tenement

Altona Energy said it had identified an area within its tenements that appeared to contain significant quantities of coal.

It said a recently commissioned coal study which focused on its Westfield tenement had confirmed a seam of between 3-6m thickness.

The groundwater level is only 10m above the seam in places

At its shallowest, it lies at a depth of approximately 80m (at the most southerly end currently explored) and increases in depth to 215m at the northern end, where the seam has been found to be at its thickest.

The seam is believed to continue running southwest, beyond the edge of the tenement, but no exploration has been conducted in this area to date.

Chief executive Nick Lyth said: 'I am delighted that we have identified an area within our tenements that appears to contain significant quantities of coal at an 80m depth with manageable groundwater.

'Our next step is to develop a detailed exploration strategy to continue to prove up the resource and de-risk this exciting opportunity.

'This represents a major step forward for Altona in delivering value to its shareholders.'

Altona Energy raises £735,000

Altona Energy has raised £735,000, before expenses, through a placing of 147,000,000 new ordinary shares at 0.5p apiece.

The net proceeds will primarily be used for further exploration that the company expects to be identified by the recently commissioned report by Runge Pincock Minarco Global.

At 9:58am: (LON:ANR) Altona Energy PLC share price was +0.08p at 0.68p

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Altona commissions further coal study

Altona has confirmed that it has now commissioned a second report to investigate the probability of viable dry coal or 'less wet' coal (coal not submerged in deep water) deposits in its three tenements in the Arckaringa Basin, with a focus initially on the Westfield tenement.

The Westfield tenement is located at the edge of the Great Artesian Basin, which is at the highest elevation of the tenements and disconnected from the major water system which covers much of the Arckaringa Basin.

As previously reported, the company, through its mining consultant WSP Australia Pty Ltd, has engaged the services of Runge Pincock Minarco Global which is a specialist professional mining consultant with previous history with the Arckaringa exploration licences.

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