- Mining and exploration company Jervois Global (JRV) announces entry into the FTSE All-World Index on March 18 and ASX 300 Index on March 22
- The announcement follows the company’s announced rebalances of its S&P/ASX indices in its March quarterly review
- In its Q4 2021, JRV reports a US$96 million (A$129 million) and 1687 tonnes of cobalt sold, the strongest 2021 quarter
- JRV shares up 10.6 per cent trading 80.5 cents at 10:25 am AEDT
Mining and exploration company Jervois Global (JRV) has announced it will enter the FTSE All-World Index on March 18 and ASX 300 Index on March 22.
The FTSE All-World Index is a market capitalisation weighted index that measures the performance of big and mid-cap stocks from the FTSE Global Equity Index Series, which encompasses about 95 per cent of the world’s investable public market capitalisation.
The announcement follows the company’s announced rebalances of its S&P/ASX indices in its March quarterly review.
The company which has operations across the world are working towards becoming the second producer of refined cobalt outside of China.
The company had also reported a growth in revenue following a spiked demand in the battery sector that has driven cobalt prices.
In its Q4 2021, JRV reported a US$96 million (A$129 million) and 1687 tonnes sold the strongest 2021 quarter.
JRV shares are up 10.3 per cent trading 80.5 cents at 12:00 pm AEDT.