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October 07, 2022

New-York based bank buys stock in PH mining firm

The firm cited the Philippine mining company’s growth potential.

New York-based global equities and investment bank Auerbach Grayson & Company announced its purchase of a “block of stock” in Abacore Capital Holdings Inc. (ABA), a PH-based mining company formerly known as Piedra Negra Mining Corporation. Auerbach cited the Philippine mining firm’s undervalued stock price amidst strong expansion and promising growth prospects.

Auerbach made a successfully purchase of a block of stock” in Abacore with major institutional asset managers hailing from North America and Europe, though the amounts were not disclosed.