Australia's Lucapa Diamond hits 21-month high on getting loan repayment

Lucapa Diamond Co

15/12/2021 24:49

** Shares of explorer Lucapa Diamond Co Ltd  LOM.AX  climb
as much as 10.2% to A$0.103, their highest since March 11, 2020
    ** Co says Angola's Sociedade Mineira Do Lulo (SML), in
which it owns 40% stake, has approved a $10 mln capital loan
repayment to Lucapa 
    ** Says the capital loan given by Lucapa to SML was used for
alluvial exploration and mine development programs
    ** Adds LOM will also receive $3.6 mln from its 40% share of
a $10 mln interim dividend declared by SML
    ** Volumes are two times the 30-day average of about 3.5 mln
shares
    ** As of last close, stock up 63.2% this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))