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Victory West Metals Ltd
Company Snapshot
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Business Description:
Victory West Metals Ltd operates in the Metal ores sector. Victory West Metals Limited, formerly Victory West Moly Limited, is an Australia-based company. The Company is engaged in exploration and exploitation of the Malala Molybdenum deposit in Sulawesi, Indonesia. It has operations in Australia and Indonesia. It focuses on delineating the size and grade of the Anomaly B prospect through a series of exploration programs, including drilling, trenching, geophysics and geochemistry. Molybdenum (Moly) is a high melting point alloying metal used primarily in iron, steels and superalloys to enhance hardenability, strength, wear and corrosion resistance. It holds a majority interest (71.25%) in the exploration rights to the Malala Molybdenum project, including of five strategic concession areas in the Toli-Toli Regency on the island of Sulawesi in Indonesia covering a total area of 23,747 hectares. On July 14, 2010, its dormant subsidiary Eastern Prime Corporation Pte Ltd was de-registered.
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Stock Data: |
Recent Stock Performance: |
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Current Price (2/3/2012):
.05
(Figures in
Australian Dollars) |
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1 Week |
8.9% |
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13 Weeks |
-2.0% |
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4 Weeks |
0.0% |
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52 Weeks |
-68.4% |
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Victory West Metals Ltd
Key Data: |
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Ticker: |
VWM |
Country: |
AUSTRALIA |
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Exchanges: |
FRA |
Major Industry: |
Oil, Gas, Coal & Related Services |
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Sub Industry: |
Exploration, Drilling Service & Equip |
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2006
Sales |
18,841
(Year Ending Jan 2007). |
Employees: |
N/A |
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Currency: |
Australian Dollars |
Market Cap: |
8,196,606 |
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Fiscal Yr Ends: |
June |
Shares Outstanding: |
167,277,677 |
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Share Type: |
Ordinary |
Closely Held Shares: |
11,666,426 |
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