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Drake chairman Brett Brett Fraser will remain as a director of the new company.

Drake joins tech wave

Shares in West Perth-based Drake Resources have doubled in value on news the company is planning to exit the resources industry by acquiring an Israeli tech company for $11 million.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/12/18

1 year TSR5 year TSR
thDrake Resources
232ndAntipa Minerals0%-3%
356thAnglo Australian Resources-15%20%
570thArgosy Minerals-46%66%
782ndArdiden-77%-28%
716 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

19/03/18
$50 Issued
19/03/18
$14 Issued
19/03/18
$20 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

376th↓Drake Resources$260
383rd↓Anglo Australian Resources$0
384th↓Antipa Minerals$0
386th↓Ardiden$0
387th↓Argosy Minerals$0
513 listed resources companies ranked by revenue.
Source: Morningstar

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