Sam is a trader and one of our lead stock analysts at AskTraders. After starting his career predominantly in the forex markets, Sam now focuses on gold and stocks with a preference for macroeconomic analysis.
Oracle Power (LON: ORCP) announced David Hutchins' appointment to its board of directors as a non-executive director with immediate effect.
The natural resource exploration and development company said Hutchins is a highly experienced mining and commodities professional with more than 30 years in the industry. He currently holds the role of the Chair of the FTSE Gold Mines Index Committee.
Previously, Hutchins worked within fund management with several senior positions at M&G Group on his CV.
He was also a Fund Manager of Resources Investment Trust plc and later a Director and Fund Manager of Global Resources Investment Trust Plc, both London listed companies.
Additionally, Hutchins founded www.minesite.com, a mining industry-specific news website, and he currently sits on the Board of Wishbone Gold Plc, a gold company operating, which, like Oracle, has gold exploration projects in Australia.
Oracle’s CEO, Naheed Memon, said the company was delighted to welcome Hitchins, as his “extensive understanding of, and career in, the natural resources sector will be of significant value to Oracle as we continue to develop and expand our portfolio to become an international power and natural resource project developer.”
Oracle’s share price has climbed 3.46% to 0.594p per share from Tuesday’s close.
Should you invest in Oracle Power shares? Oracle Power shares are traded on the AIM market of the London stock exchange (the alternative investment market) which is the sub market specifically for smaller companies. AIM stocks are attractive to investors as they have tax advantages and smaller companies have the potential to benefit from rapid growth. But are Oracle Power shares the best buy? Our stock market analysts regularly review the market and share their picks for high growth companies
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .