Tag Archives: Markets

Markets – Caspian Sunrise shares rise 48%

SEPT. 24 (The Bulletin) — Central Asia Metal’s $402.5m purchase of a zinc mine in Macedonia dominated the company news file this week. That said we are still waiting for its impact on Central Asia Metal’s shares. Trading was suspended before the announcement and is not due to restart on London’s AIM until Monday.

In other news, oil producer Caspian Sunrise saw its share price jump by 48% after it said that revenues for the first six months of the year had tripled to around $2.8m.

In Georgia, TBC Bank  finished up slightly at 1,639p, off an earlier 6-week high in the week of 1,680p. Georgia Healthcare was also up by 3.2% at 320p but this is still bumping around last week’s 2017 low of 310p.

Bank of Georgia ended the week at 3,303p – its lowest level since April.

ENDS

— This story was first published in issue 344 of The Conway Bulletin, now called the Central Asia & South Caucasus Bulletin, on Sept. 24 2017.

— Copyright the Central Asia & South Caucasus Bulletin 2017