GÜBRETAŞ Shares Are Among The Most Rising Shares

GÜBRETAŞ Shares Are Among The Most Rising Shares GÜBRETAŞ shares are among the most rising shares. The company's stock gained 20 percent weekly. The BIST 100 index, which opened the week with a decrease due to the coronavirus mutation detected in the UK and the decrease in the world stock markets, is progressing with records due to the increase in global risk appetite. The index, which saw 1,419 points today, rose to new levels in TL terms. Towards the end of the year, the monthly earnings of the BIST 100 index exceeded 10 percent in markets where the transaction volume decreased, and today the volume of the stock market was around 24 billion lira. Today, the most prominent share in the stock exchange is Gübre Fabrikaları T.A.Ş. (IS: GUBRF). The company's share, which was announced to have a new resource in the company's gold field yesterday, is traded at a premium of nearly 10 percent. The Agricultural Credit Cooperatives of Turkey General Manager and GÜBRETAS Chairman Fahrettin Poyraz, yesterday GÜBRETAS owned the 3.5 million ounce gold resource had been identifiedin the Söğüt gold field and noted in two years they targeted economic value of the conversion of removing the first floor. Poyraz made the following statements: “In the report we presented to the stock exchange, it was revealed that there were approximately 3.5 million ounces of resources in the field. It is revealed that 1 million 920 thousand ounces are finalized gold reserves that are currently ready to be mined. Moreover, 1.6 million ounces will turn into reserves at the rate of 83 percent. Considering this amount, we can talk about the existence of about 3.2 million ounces of gold in the Söğüt gold mine. When we try to put this in value over today's prices, we are talking about a value of about 6 billion dollars.” After the said statement of Poyraz, Gübre Fabrikaları T.A.Ş. (IS: GUBRF), which exceeded 51 TL yesterday, saw the level of 56.80 TL today and became one of the highest rising stocks in the stock market. The stock earned about 20 percent this week, while its monthly earning was 10 percent.