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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
13 Mar 2019 11:36

Red Emperor, Pantheon, 88 Energy plunge on Alaska well woe

(Sharecast News) - Shares in Red Emperor Resources, Pantheon Resources and 88 Energy all nosedived on Wednesday after testing of the Winx-1 well on the Western Blocks, North Slope of Alaska returned disappointing results.

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13 Mar 2019 10:41

WINNERS & LOSERS SUMMARY: Avast CEO Departure Overshadows Results

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - WINNERS----------Standard

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13 Mar 2019 09:54

Winx Well Partners Report Disappointing Wireline Logging Results

LONDON (Alliance News) - The partners in the Winx-1 well in the North Slope of Alaska on Wednesday reported disappointing results from wireline logging.Among London-listed companies, 88 Ltd

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6 Mar 2019 10:05

Pantheon Resources Reports Progress On Winx-1, Alkaid Wells In Alaska

LONDON (Alliance News) - Pantheon Resources PLC, 88 Energy Ltd and Red Emperor Resources NL on Wednesday said the total depth was reached at Winx-1 exploration well on the North Slope of Winx is a

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4 Mar 2019 09:49

Pantheon, Red Emperor, 88 Energy Get "Encouraging" Results From Winx-1

LONDON (Alliance News) - Pantheon Resources PLC, Red Emperor Resources NL and 88 Energy Ltd on Monday reported encouraging results from their Winx-1 exploration well drilling, located on the North

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1 Mar 2019 09:19

Pantheon Resources, 88 Energy, Red Emperor Plunge On Winx Result

LONDON (Alliance News) - Oil & gas company Pantheon Resources PLC on Friday reported initially disappointing results from the Winx-1 exploration well onshore Alaska, with weak oil shows and a

Read more
26 Feb 2019 12:33

Red Emperor And 88 Energy Start Primary Interval Drilling In Alaska

LONDON (Alliance News) - Red Emperor Resources NL and 88 Energy Ltd on Tuesday said they started the drilling of a primary target interval in the North Slope of Alaska.The two companies of

Read more
22 Feb 2019 15:36

88 Energy makes good progress at Winx-1

(Sharecast News) - 88 Energy updated the market on its oil and gas operations on the North Slope of Alaska on Friday, reporting that surface casing has been run to around 2,500 feet, as planned.

Read more
22 Feb 2019 09:58

88 Energy Makes Progress On Drilling Work At Alaskan Well

LONDON (Alliance News) - 88 Energy Ltd said Friday the surface casing for a well on Alaska's North Slope has been successfully run to the planned depth.88, the operator of the Winx-1 to

Read more
18 Feb 2019 09:48

88 Energy begins drilling at Winx-1 exploration well in Alaska

(Sharecast News) - 88 Energy kicked off drilling at its Winx-1 exploration well on the North Slope of Alaska on Friday.

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18 Feb 2019 08:31

Pantheon, 88 & Red Emperor Report Spudding Of Winx-1 Well In Alaska

LONDON (Alliance News) - Pantheon Resources PLC, Red Emperor Resources NL and 88 Energy Ltd on Monday reported spudding of Winx-1 well located onshore Alaska.The well was spudded on Friday

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15 Feb 2019 11:58

88 Energy Ready To Start Drilling At Winx-1 On Alaskan North Slope

LONDON (Alliance News) - 88 Energy Ltd is on track to spud the Winx-1 well in Alaska on Friday, the company said, now that the rig is on site.Winx-1 is four miles east of the Horseshoe-1/1A

Read more
15 Feb 2019 10:39

88 Energy says spud of Winx-1 is imminent

(Sharecast News) - Oil and gas company 88 Energy updated the market on its oil and gas operations on the North Slope of Alaska on Friday, reporting that at Winx-1, the spud was on schedule for 15 February Alaska time, with the final preparations now underway.

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5 Feb 2019 09:52

88 Energy, Red Emperor Start Moving Rig Towards Alaska Well

LONDON (Alliance News) - 88 Energy Ltd and its partner Red Emperor Resources NL said Tuesday the rig at the Winx-1 exploration well has started to move.This follows the completion of the of

Read more
24 Jan 2019 10:26

88 Energy, Red Emperor Reports Near Completion Of Winx-1 Ice Road

LONDON (Alliance News) - 88 Energy Ltd and its partners said Thursday the ice road construction at its Winx-1 exploration well located in the US state of Alaska was now nearing separate Thursday,

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