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Share Price Information for Alba Mineral Resources (ALBA)

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Share Price: 0.0625
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AIM WINNERS & LOSERS: Alba wins permits; Aptamer cash-strapped

Tue, 04th Jul 2023 10:32

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

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AIM - WINNERS

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Alba Minerals Resources PLC, up 53% at 0.17 pence, 12-month range 0.090p- 0.23p. The northern Europe-focused mineral explorer wins ecological permits required for its planned dewatering and exploration of the primary target within the Clogau-St David's gold mine in north Wales. Says technical team and contractors are preparing the site to begin dewatering as soon as possible. "Detailed planning has been in train for some time so that we did not lose time once the permits were granted. Accordingly, we are well placed to complete our preparations on site and commence the dewatering exercise within a matter of days," says Executive Chair George Frangeskides.

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Kooth PLC, up 28% at 333.00p, 12-month range 107.00p-358.00p. The digital mental health platform wins a four-year contract worth USD188 million in California. Says it will provide services to the Behavioural Health Virtual Services Platform, a technology-enabled services solution for all children and young people in California. The service is expected to launch in January 2024. The contract will result in a "material" update to previous revenue guidance, now expecting not less than GBP34 million for 2023, up 69% from GBP20.1 million in 2022. Intends to hire over 200 staff in the next twelve months to support its Californian and broader US infrastructure. To fund this, proposes share placing at 300p per share to raise up GBP10 million.

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AIM - LOSERS

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Aptamer Group PLC, down 35% at 4.40p, 12-month range 3.01p-100.0p. The custom affinity binder developer warns it is running low on cash, with cash balance at the end of June standing at just GBP200,000. Consequently, requires short-term funding, and is reviewing "all possible financing options that are in the best interests of the company and its shareholder". Also reports decline in annual revenue, expecting around GBP1.8 million in the financial year ended June 30, which would be down 55% from GBP4.0 million the year before.

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Restore PLC, down 30% at 160.20p, 12-month range 160.0p-466.0p. The provider of digital and information management and lifecycle services says profit is likely to be below expectations, as its chief executive leaves with immediate effect. Says adjusted pretax profit in 2023 will be lower than the GBP31 million that is expected. Adjusted pretax profit in 2022 amounted to GBP41.0 million, so it expects a decline of roughly a quarter or more. Plans to cut permanent staff headcount by 230, in roles across senior managers, sales, support functions and operations. CEO Charles Bligh stands down by "mutual consent", with Senior Independent Director Jamie Hopkins taking the helm on an interim basis. Additionally, Chair Sharon Baylay-Bell becomes executive chair, also with immediate effect.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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6 Jun 2022 19:13

IN BRIEF: GreenRoc to begin phase two drilling in Greenland soon

GreenRoc Mining PLC - miner focused mineral projects in Greenland - Will commence phase two drilling operation at the Amitsoq Island Graphite Project in southern Greenland later this month. The operation is expected to last for 12 weeks. GreenRoc plans to drill up to 27 holes with the aim of increasing and upgrading the current maiden resource of 8.28 tonnes at 19.75% graphitic carbon.

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24 May 2022 12:18

Alba Mineral hails high-grade gold returns at Clogau-St David's

(Alliance News) - Alba Mineral Resources PLC on Tuesday said assay results from the Clogau-St David's gold mine's waste tip in Wales showed higher gold concentrate grades compared with the average.

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19 May 2022 14:28

Alba Mineral Resources expects news flow from investee companies

(Alliance News) - Alba Mineral Resources PLC said on Thursday it expects a steady stream of news flow from investee companies.

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16 May 2022 18:07

IN BRIEF: UK Oil & Gas wins approval to convert HH-2z into water well

UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - North Sea Transition Authority grants formal consent for the re-completion of Horse Hill-2z into a water reinjection well.

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13 May 2022 13:51

IN BRIEF: UK Oil & Gas and Alba get extension for work at Horse Hill

UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - North Sea Transition Authority grants one-year extension for work programme at PEDL137 licence, which contains the producing Horse Hill oil field. The extension allows UKOG to drill a second well at Horse Hill's Kimmeridge oil pool, with work scheduled to begin before September 2023. UKOG owns an 86% stake in Horse Hill, and is the operator, with a 12% stake held by Alba Mineral Resources PLC. Horse Hill is an oil project near Gatwick Airport in southern England. In May, UKOG won a full production permit for the field.

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13 May 2022 07:53

LONDON MARKET PRE-OPEN: ContourGlobal ahead; Amigo scheme closer

(Alliance News) - Stocks in London were called sharply higher on Friday, helped by a positive session in Asia, as equity markets look to rebound from Thursday's bloodbath.

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12 May 2022 12:34

IN BRIEF: GreenRoc shares rise with upgrade of exploration target

GreenRoc Mining PLC - miners focused mineral projects in Greenland - Upgrades exploration target for the Amitsoq Island deposit in southern Greenland, following the maiden resource estimate. Increases target to tonnage range of 5 to 15 million tonnes at a grade range of 18% to 22% graphitic carbon from a tonnage range of 1.7 to 4.5 million tonnes at a grade range of 24% to 36% graphitic carbon.

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9 May 2022 11:55

GreenRoc CEO Kirk Adams leaves immediately for personal reasons

(Alliance News) - GreenRoc Mining PLC on Monday said Chief Executive Officer Kirk Adams has resigned for personal reasons.

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5 May 2022 13:21

IN BRIEF: UKOG shares rocket on environment permit win for Horse Hill

UK Oil & Gas PLC - London-based oil and gas company - Wins full production permit for its Horse Hill field from the UK Environment Agency. The project is 86% owned by UKOG, with a 12% stake held by Alba Mineral Resources PLC. The permit enables production and water re-injection operations, incineration of waste gas, maintenance and workovers, and the drilling of further development wells. Horse Hill is an oil project near Gatwick Airport in southern England. UKOG can now proceed with its plants to convert HH-2z into a water injector over the year, which would eliminate the requirement to take saline formation water from remote third-party sites, reducing costs.

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5 May 2022 11:22

AIM WINNERS & LOSERS: UKOG, Alba up on permit from Environment Agency

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

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21 Mar 2022 19:11

TRADING UPDATES: Kavango eyes acquisition; PYX ups zicron price

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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21 Mar 2022 12:30

Alba reports strong results from recent Clogau sampling

(Sharecast News) - Alba Mineral Resources updated the market on the Clogau-St David's Gold Mine on Monday, where assay results from a phase two sampling programme at the historic Waste Tip returned gold grades of up to 11.35 grams per tonne.

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17 Mar 2022 11:55

TRADING UPDATES: Portmeirion restores dividend; Empresaria in profit

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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18 Feb 2022 11:47

UK Oil & Gas lauds Horse Hill ruling that allows project continuation

(Alliance News) - UK Oil & Gas PLC on Friday announced that the appeal to overturn the legality of Horse Hill's planning consent has been refused by the Court of Appeal in the UK.

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18 Feb 2022 10:45

AIM WINNERS & LOSERS: UK Oil & Gas "delighted" by appeal court ruling

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

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