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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 29/06/18

1 year TSR5 year TSR
11thKing River Copper1287%56%
13thDrake Resources900%-64%
88thHexagon Resources144%21%
160thRedstone Resources82%-18%
814thAcacia Coal-75%-13%
722 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

169th↑Drake Resources$309k
204th↑Acacia Coal$171k
205th↓King River Copper$170k
207th↑Hexagon Resources$167k
208th↑Redstone Resources$164k
507 listed resources companies ranked by revenue.
Source: Morningstar

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