Deccan Gold Mines surges on entering into consultancy agreement with HFM Global
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Deccan Gold Mines is currently trading at Rs. 26.75, up by 1.60 points or 6.36% from its previous closing of Rs. 25.15 on the BSE.
The scrip opened at Rs. 25.40 and has touched a high and low of Rs. 27.40 and Rs. 25.40 respectively. So far 73968 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 36.75 on 05-Jul-2021 and a 52 week low of Rs. 16.75 on 24-Aug-2021.
Last one week high and low of the scrip stood at Rs. 27.40 and Rs. 21.50 respectively. The current market cap of the company is Rs. 251.05 crore.
The promoters holding in the company stood at 25.89%, while Institutions and Non-Institutions held 4.35% and 69.76% respectively.
Deccan Gold Mines (DGML) has entered into a Consultancy Agreement with HFM Global for providing gold exploration consultancy services to its Kufra Gold Project in Libya. HFM is a company engaged in gold trading and based in Dubai. The work involves greenfield exploration to setting up the gold mining and processing units, if an economically viable deposit is discovered. The first phase of work program has been finalized which will be for a period of 30 days and DGML’s team will be visiting Libya during June, 2022 to undertake the work program.
Deccan Gold Mines (DGML) is the first private sector gold exploration company in India. The company has a large portfolio of exploration prospects in the states of Karnataka, Andhra Pradesh, Kerala and Rajasthan.
