Page 5 - Abra Mining News Today : Breaking News, Live Updates & Top Stories | Vimarsana

March 8, 2021 | 12:08 am Advertisement AAA MARKET regulators have teamed up to look into the case of Abra Mining and Industrial Corp., which the stock exchange earlier found to be selling shares beyond the number listed on the local bourse. “The Securities and Exchange Commission (SEC), The Philippine Stock Exchange, Inc. (PSE) and Philippine Depository & Trust Corp. (PDTC) are working closely together to investigate the trading of unissued and unlisted shares of Abra Mining and Industrial Corporation (AR), and to pursue the necessary actions to protect investors,” the...

MANILA, Feb 15, (Bloomberg): Philippine investors are shifting into small, lesser-known names in a stock market that ranked as the world’s worst performer last month. Demand has waned for the 30 component shares of the Philippine Stock Exchange Index, which includes giants like SM Investments Corp. and Ayala Land Inc., amid an uncertain economic recovery, the ongoing pandemic and a flight of foreign funds. The PSEi tumbled 7.4% in January, the worst performance among global equity benchmarks. The slump in large caps pushed investors to take a chance on riskier small caps, sa...

The penny stock’s surge showcases the extremes to which the retail mania has reached in the Philippines, home to one of the world’s worst-performing equity markets this year. MANILA: Abra Mining & Industrial Corp has no revenue and zero analyst coverage. Yet, the loss-making mining company’s stock has more than doubled in 2021 and is also the most-traded name in the Philippines. The penny stock’s surge showcases the extremes to which the retail mania has reached in the Philippines, home to one of the world’s worst-performing equity markets this year. Discouraged by the decline in th...

Loss-making miner becomes most-traded Philippine stock with 103% gain Philippine Stock Exchange. Credit: Wikipedia Abra Mining & Industrial Corp. has no revenue and zero analyst coverage. Yet, the loss-making mining company’s stock has more than doubled in 2021 and is also the most-traded name in the Philippines. The penny stock’s surge showcases the extremes to which the retail mania has reached in the Philippines, home to one of the world’s worst-performing equity markets this year. Discouraged by the decline in the nation’s benchmark gauge, mom-and-pop investors have been loading...