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Once in full operation, the mine will have a production capacity of 2.8 million tonnes per annum.
Paringa raises $30m
Monday, 21 May, 2018 - 15:23
Shares in the Ian Middlemas-led Paringa Resources fell sharply today after the company completed a $30.2 million capital raising at a heavily discounted price of 22 cents per share, with the proceeds to fund construction of its Poplar Grove coal mine located in the US.
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Paringa Resources (PNL)
Share Price
Closing price for the last 90 trading days
Source: Morningstar
Total Shareholder Return as at 31/01/19
| 1 year TSR | 5 year TSR | ||
|---|---|---|---|
| 97th | Galena Mining | 30% | |
| 155th | Energy Metals | 15% | -5% |
| 358th | Zinc of Ireland | -17% | -37% |
| 523rd | Auris Minerals | -41% | -43% |
| 651st | Paringa Resources | -55% | -5% |
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar
Source: Morningstar
Share Transactions
Revenue
| 268th |  | Paringa Resources | $76k |
| 282nd |  | Zinc of Ireland | $62k |
| 283rd |  | Galena Mining | $62k |
| 285th | | Energy Metals | $57k |
| 286th | | Auris Minerals | $54k |
499 listed resources companies ranked by revenue.
Source: Morningstar
Source: Morningstar
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The information is general information only and does not constitute financial advice It is not intended to be, and should not be construed in any way as, investment, legal or financial advice
Retail clients should be advised the Morningstar Financial Services Guide can be found at http://www.morningstar.com.au/fsg.asp
Show moreIt is important to note that the Morningstar information displayed by Business News is not to be copied or distributed except as authorised; and that such information is not warranted to be accurate, complete or timely and that neither Morningstar nor Business News are responsible for any damages or losses arising from any use of this information.
The information is general information only and does not constitute financial advice It is not intended to be, and should not be construed in any way as, investment, legal or financial advice
Retail clients should be advised the Morningstar Financial Services Guide can be found at http://www.morningstar.com.au/fsg.asp
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