Conroy Gold And Natural Resources

CGNR: 22.00 -1.50 (▼6.38%)

Delayed:2018-02-20 16:57:16
Bid Price 21.00 High Price 23.80
Ask Price 23.00 Low Price 23.00
Open Price 23.00 Spread 9.09%
Prev Close 22.00 Volume 61,860.00

Conroy Gold And Natural Resources Share Price Chart

Intraday

Historic - 1 year


Conroy Gold And Natural Resources Share Price Information

Name Conroy Gold And Natural Resources Epic CGNR
Sector Mining ISIN IE00BZ4BTZ13
Activites Conroy Gold & Natural Resources plc (formerly Conroy Diamonds and Gold plc) is a company whose objective is to make substantial returns for shareholders through the discovery and development of economic gold deposits in the North of Ireland and in Northern Finland, in both of which areas geological potential for large gold deposits has been demonstrated. The Company's primary focus is on its 100% owned licences in Ireland which are within the highly prospective Longford - Down Massif. The Company has discovered a 65 km (40 mile) gold trend and is targeting a multi-million ounce gold resource within the Clay Lake - Clontibret district (345Ha) in the northeastern end of its licence area. The 65 km trend contains a series of gold targets ranging from grass roots to advanced stage exploration. The Company is targeting high tonnage and high - contained ounce deposits. Examples of deposits that appear to have similarities to the mineralisation at Clay Lake and Clontibret are the orogenic Macraes mine in New Zealand and the intrusion - related Murantau mine in Uzbekistan. Ireland is a mining and business friendly country and in 2015 came first in Europe for Mining Investment Attractiveness in the prestigious Fraser Institute global rankings. Security Type Equity

Key numbers

Latest Share Price (p) 22.00 Net Gearing (%) 15.22
Market Cap (£m) 4.71 Gross Gearing (%) 15.32
Shares in issue (m) 20.06 Debt Ratio 1.63
P/E Ratio -6.00 Debt-to-Equity Ratio 0.09
Divs per share (p) 0.00 Assets / Equity Ratio 1.18
Dividend Yield (%) 0.00 Price to book value 0.28
Dividend Cover 0.00 SROCE (%) -2.52
Earning per share (p) -3.92 EPS Growth (%) 18.16
52-week high / low (p) 45.50 / 11.13 DPS Growth (%)

Conroy Gold And Natural Resources Broker Views

Date Broker Rec. Price Old target price New target price Notes
31 Jul Beaufort Securities Speculative Buy 22.00 Reiterates

Conroy Gold And Natural Resources Director Deals

Date Director Type Volume / Price Trade Value
29 Sep 2017 Prof Richard Conroy Buy 100000 @ 29.75p £29,750.00

Conroy Gold And Natural Resources Company News

Conroy Gold to accelerate Irish mine development plans

Conroy Gold and Natural Resources said it was accelerating development on its Irish gold property with a focus on commercialisation and the exploration of significant gold targets.

The company had put in place a drill programme, which would commence shortly, to increase the known JORC resource of 517,000 ounces of gold at Clontibret.

'I am very pleased to report that following the strategic financing in December that we now have the funds in place to accelerate the work necessary to enable us develop a mine at our Clontibret/Clay Lake target,' chairman Richard Conroy said.

'Based on the work already done we believe we have the opportunity on our licence area in Ireland to develop a world class mining project.'

'The focus will be on Clontibret initially as we look to bring in the first gold mine on our property into production at the earliest opportunity."


At 2:45pm: (LON:CGNR) Conroy Gold And Natural Resources PLC share price was -3p at 26.5p



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All resolutions passed at AGM of Conroy

Conroy Gold and Natural Resources has confirmed that all resolutions were passed by shareholders at today's Annual General Meeting.




At 1:17pm: (LON:CGNR) Conroy Gold And Natural Resources PLC share price was +6.75p at 19.5p



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Conroy losses widen

Conroy Gold and Natural Resources posts a pre-tax loss of €431,922 for the year to the end of May - up from €292,165 last time.

Chairman Professor Richard Conroy said: 'I am very pleased that during the course of the year the Company has continued to make significant progress with its exploration and development programme.

' I look forward to this continuing into 2018 as the Company moves forward with its plans to develop a mine at Clontibret and targets a multi-million ounce gold resource.'




At 9:41am: (LON:CGNR) Conroy Gold And Natural Resources PLC share price was +0.63p at 13.75p



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Conroy raises €210,000

Conroy Gold and Natural Resources has conditionally raised €210,000, prior to expenses, through a subscription for 700,000 ordinary shares at €0.30 apiece.

The subscription is conditional on admission of the shares to trading on AIM and the Enterprise Securities Market operated by the Irish Stock Exchange Limited.

The company said it intended to use the proceeds to fund the advancement of its gold assets, in particular the development of the Clontibret deposit and increased exploration at the Clay Lake deposit.

It said additional exploration would be focused on the Slieve Glah gold prospect and other targets within the 50 km Armagh-Monaghan-Cavan gold belt and for working capital generally.




At 8:01am: (LON:CGNR) Conroy Gold And Natural Resources PLC share price was -2.5p at 29p



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FLASH: Conroy subscription to raise €210,000






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