Genel Energy climbs after making interim CFO appointment permanent

Genel Energy PLC (LSE:GENL, OTC:GEGYY) jumped 4% to 176.2p after announcing its permanent chief financial officer.

Luke Clements was previously the interim chief financial officer, and “has been responsible for a broad range of financial, commercial, and treasury related activities,” according to a statement.

“Luke is the ideal person to continue delivering the financial platform that facilitates our strategy, a strategy he has been integral in building,” said chair David McManus. 2.00pm: Yellow Cake jumps on Uranium delivery

Uranium company Yellow Cake PLC (AIM:YCA) jumped 5%, or 9p, to 384p after it announced it has taken delivery of over 2mln lbs of triuranium octoxide.Triuranium octoxide is a compound of uranium that is converted into uranium hexafluoride for the purpose of uranium enrichment.Yellow Cake exercised a buyback option it had with Kazatomprom , a Kazakhstan producer and seller of uranium at a price of US$43.25/lb.According to the statement, it now holds over […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet