Africa player's stock price surges as it resumes trading, as finance secured amid reserves boost

Shares in West Africa-focused Afentra surged on resumption of trading in London yesterday as the company unveiled a new finance facility, while an independent report into assets the company is acquiring in Angola came up with bigger resources than previously guided by management.

Headed by chief executive Paul McDade, Afentra’s shares were suspended in October last year when the share price was 14.55 pence, but shot up more than 77% on the company’s readmission to the Alternative Investment Market on 10 August and was around 25 pence at press time.

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