Anglo Pacific notes share price movement

(MENAFN- ProactiveInvestors)Anglo Pacific (LON:APF TSX:APY) suggested its move from a premium listing to a standard listing could be behind the recent rise in the number of shares being traded. Index-fund selling following the change of listing could be the reason for recent share price weakness the company said. The mining royalty specialist reminded investors it will pay a 4p per share interim dividend in February next year. Anglo has investments in two producing coal mines and receives royalty payments from the amount of revenue generated. It receives 1% in royalties from all sales at the Narrabri site operated by Whitehaven while royalties from Rio Tinto's (LON:RIO) Kestrel site range and vary on a number of factors but can reach as high as 15% of the coal mined and sold from its licences. Shares were flat at 70p today.