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 28/02/18

1 year TSR5 year TSR
7thAzure Minerals1808%-28%
18thDrake Resources900%-72%
548thDeep Yellow-19%-23%
594thAlicanto Minerals-27%-8%
711 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$11k Bought
$15k Bought
$24k Bought
Total value as at the date of the transaction
Source: Morningstar


169th↑Drake Resources$309k
172nd↑Kore Potash$295k
173rd↑Alicanto Minerals$292k
175th↓Azure Minerals$272k
176th↑Deep Yellow$267k
503 listed resources companies ranked by revenue.
Source: Morningstar

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