Business
KGL Resources (ASX:KGL) share price slumps 9%. Here’s why
KGL Resources Ltd (ASX: KGL) shares were plummeting today on the back of the company’s quarterly report. By the market’s close, the KGL share price was trading 8.88% lower at 77 cents.
Let’s take a closer look at the quarter that’s been for KGL Resources.
Balance sheet boost
While KGL’s results for the quarter ending 31 March 2021 weren’t the strongest, it wasn’t all doom and gloom.
The company reported very little in the way of income from its operating activities – just $64,000. After employee and operating expenses, KGL reported a loss of $368,000 over the course of the quarter.
In late February, the company conducted an institutional placement, earning itself around $23.7 million (before costs) in the process….
-
General19 hours agoAccused of Antisemitism: Herald Sun, Israel lobby v Dandenong Clr Rhonda Garad
-
Noosa News19 hours agoMitch Power Quick Shear event gets men talking about mental health
-
Noosa News12 hours agoNRL live updates: Newcastle Knights vs Melbourne Storm, St George Illawarra Dragons vs Sydney Roosters, North Queensland Cowboys vs Canterbury Bulldogs
-
General12 hours agoAlgal bloom fears grow as video shows dead fish in ‘neon green’ waters near Ardrossan