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Pin to quick picks88 Energy Share News (88E)

Share Price Information for 88 Energy (88E)

London Stock Exchange
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Share Price: 0.1075
Bid: 0.105
Ask: 0.11
Change: 0.005 (4.76%)
Spread: 0.005 (4.762%)
Open: 0.105
High: 0.11
Low: 0.11
Prev. Close: 0.105
88E Live PriceLast checked at -

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LONDON AIM WINNERS & LOSERS: Journeo Shares Rally On Purchase Orders

Fri, 22nd Jan 2021 10:30

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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AIM - WINNERS

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Journeo, up 30% at 65.00 pence, 12-month range 43.4p-74.82p. The transport technical services firm said it has received purchase orders worth GBP1.3 million for the supply of its advanced public transport information systems from a Northern Transport Partnership.

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VR Education Holdings, up 10% at 13.25p, 12-month range 4p-25.8p. The virtual reality education and enterprise training firm said 2020 revenue is expected to be EUR1.4 million, up 38% on 2019. VR Education added that it has closed during 2020 in excess of EUR1.8 million in new business, which should be recognised over the next 36 months.

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AIM - LOSERS

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88 Energy, down 23% at 0.46p, 12-month range 0.2p-1.43p. The oil producer said that, in relation to its operations in Alaska, it is seeking clarification on a recently announced 60-day suspension of authority to issue new drilling permits on federal land by the US Department of the Interior. 88 Energy said it is in close communication with the Bureau of Land Management, which has indicated it will continue to process the company's permit to drill in anticipation of receiving a signature on or before February 12. "There is cause for optimism due to the advanced nature of the existing operations (which is one of the carve outs for the suspension)," noted 88.

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China Nonferrous Gold, down 11% at 8.9p, 12-month range 7p-17.41p. The Takijistan-focused gold miner said it has signed a new agreement with China CITIC Bank Corp for a loan facility of up to CNY300 million, around USD46.4 million. China Nonferrous expects to draw down USD20 million of the loan, which will go towards the replacement of the CCB Macau loan of USD20 million which is due in January.

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Zytronic, down 10% at 134.50p, 12-month range 70p-243.95p. The manufacturer and developer of touch technology products said it was difficult to foresee a return to profitability in its current financial year to the end of September, due to constraints caused by the Covid-19 pandemic. Zytronic's reorganisation and cost-reduction measures have allowed it to keep positive earnings before interest, tax, depreciation and amortisation, as well as a rise in orders for the year to date; however, with the pandemic constraints affecting the group's major overseas markets such as Gaming, a recovery to historic levels will depend on how quickly there is an effective vaccination programme.

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Jet2, down 8.6% at 1,359.39p, 12-month range 182.5p-1,950p. The leisure travel firm was lower in a negative read-across after airline International Consolidated Airlines was cut to Reduce from Hold by Kepler Cheuvreux. FTSE 100-listed IAG was London's worst blue-chip performer on Friday, down 4.4%.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
15 Oct 2019 11:32

88 Energy contracts rig as it prepares for drilling of Charlie-1

(Sharecast News) - 88 Energy updated the market on the upcoming drilling of the Charlie-1 appraisal well at Project Icewine, located on the Central North Slope in Alaska on Tuesday, reporting that through its wholly-owned subsidiary Accumulate Energy Alaska, it has executed a rig contract with Nordic-Callista Services to utilise Rig-3 for the drilling of Charlie-1.

Read more
15 Oct 2019 11:10

88 Energy Books Rig For Alaskan Well; Progresses Deal With Premier Oil

88 Energy Books Rig For Alaskan Well; Progresses Deal With Premier Oil

Read more
13 Sep 2019 09:49

88 Energy Interim Loss Widens On Icewine Impairment Charges

(Alliance News) - 88 Energy Ltd on Friday posted a widened first half loss due to impairments costs relating to three of its Alaskan exploration wells.For the six months to June 30, the in

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12 Sep 2019 14:13

UPDATE: 88 Energy Completes Share Placing Raising GBP4 Million

(Alliance News) - 88 Energy Ltd on Thursday said it has raised AUD6.8 million, roughly GBP3.8 million, through a share placing with funds going towards further development of the company's the

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11 Sep 2019 12:02

88 Energy Looking To Raise Over GBP5 Million For Development Work

(Alliance News) - 88 Energy Ltd is planning to raise up to AUD10 million, or GBP5.6 million, in a share placing to go towards further development of the company's assets, the company said has

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11 Sep 2019 08:55

88 Energy launches discounted placing to fund Icewine works

(Sharecast News) - Exploration outfit 88 Energy announced plans to raise up AUD $10m (£5.6m) on Wednesday through a discounted share placing.

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22 Aug 2019 11:55

Premier Oil Agrees With 88 Energy To Take Share In Project Icewine

(Alliance News) - 88 Energy Ltd on Thursday updated the market on the farmout process at project Icewine, Alaska.Premier Oil PLC has signed a sale & purchase agreement with 88 Energy to

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6 Aug 2019 12:00

88 Energy And Burgundy Sign Farm-Out Exclusivity Deal For Icewine

(Alliance News) - 88 Energy Ltd on Tuesday said it and Burgundy Xploration LLC have signed an exclusivity agreement with a preferred farmout bidder for the Icewine project in Alaska.Shares

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26 Jun 2019 10:54

88 Energy Shares Up On Progress Made For Icewine Project Farm-Out

(Alliance News) - Shares rose in 88 Energy Ltd on Wednesday as it reported progress in the farm-out process for its Icewine project in the US state of Alaska.Shares in the oil company were

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23 May 2019 13:58

88 Energy Expects Icewine Farm-Out Decision In June

LONDON (Alliance News) - Alaska-focused 88 Energy Ltd said Thursday the farm-out process for its Icewine project has continued with a final decision on approval scheduled for decision on approval

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14 May 2019 10:53

Red Emperor Resources Gets Performance Bond Refund For Winx Work

LONDON (Alliance News) - Red Emperor Resources NL on Tuesday confirmed it has received a USD1.1 million refund for work in Alaska.Red Emperor shares were 12% higher at a price of 0.60 pence

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18 Apr 2019 08:04

88 Energy progresses with farm-out discussions

(Sharecast News) - Oil and gas outfit 88 Energy continued its conventional farm-out campaign for its Icewine project during the first quarter of the year, with the deadline for bids extended to 31 January due to demand from multiple parties.

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8 Apr 2019 15:53

UK Shareholder Meetings Calendar - Next 7 Days

Tuesday 9 AprilAurora Investment TrustWednesday 10 AprilCarnivalRio

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26 Mar 2019 11:23

88 Energy Completes Plugging And Abandonment Of Alaskan Winx-1 Well

LONDON (Alliance News) - 88 Energy Ltd has completed all necessary work to plug and abandon the Winx-1 exploration well in the Western Blocks of the North Slope of Alaska, it was announced on NL

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20 Mar 2019 09:00

Pantheon Resources, 88 Energy To Evaluate Potential Of Western Blocks

LONDON (Alliance News) - Pantheon Resources PLC and 88 Energy Ltd on Wednesday said the Western blocks, located on the onshore North Slope of Alaska, will be assessed for their exploration in the

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