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Berkeley Rises Up To 8% In The Stock Market

Berkeley Energía rises to 7.6% in the Continuous Market of the Spanish stock market. Its shares are trading higher after announcing this Thursday that “it has taken new measures” to revoke the unfavorable report from the Nuclear Safety Council (CSN) on its uranium mine in Retortillo.

If almost two weeks ago the company sent an “improvement report” ( Improvement Report ) to the CSN with which to complement the initial request to the organization, today it has sent “more documentation” to the Ministry for the Ecological Transition and the Demographic Challenge.

This new documentation, the company assures the National Securities Market Commission (CNMV), contains “strongly supported arguments” that “dismantle all the technical issues used by the CSN as justification for issuing the unfavorable report.”

Berkeley insists that the uranium mine project in the Salamanca town “meets all the requirements” for the concession, so the questions raised by the CSN “lack both technical and legal support.”

Thus, the company reiterates once again that “it will continue to firmly defend its position” and undertakes to inform the market “about any important news that occurs”.

Third day on the rise
The news is being received on the trading floor with purchases. Berkeley’s share price has risen 7.6% in the early stages of the Spanish stock market, to a maximum intraday price of 0.2034 euros (compared to 0.189 euros at which it ended yesterday). However, the increases have subsequently smoothed out.

This may well be its third consecutive day on the rise. Since the close of Monday, Berkeley Energía has accumulated an increase of more than seven percentage points .

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