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Pin to quick picksAscent Resources Share News (AST)

Share Price Information for Ascent Resources (AST)

London Stock Exchange
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Share Price: 2.05
Bid: 1.90
Ask: 2.20
Change: 0.00 (0.00%)
Spread: 0.30 (15.789%)
Open: 2.05
High: 2.05
Low: 2.05
Prev. Close: 2.05
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AIM WINNERS & LOSERS: Revolution Beauty tumbles; GYG eyes delisting

Tue, 02nd Aug 2022 11:15

(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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Ascent Resources PLC, up 11% at 3.88 pence, 12-month range 2.81p-5.50p. The onshore Caribbean, Hispanic American and European-focused natural resources company says its subsidiary Ascent Slovenia will receive EUR1.7 million imminently amid the resolution of a dispute with joint venture partner Geoenergo. The figure relates to hydrocarbon revenues from the PG-10 and PG-11A wells for the period April 2020 through to June 2022.

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Altus Strategies PLC, up 6.6% at 47.95p,12-month range 40.00p-82.00p. It reports a new mineral resource estimate and preliminary economic assessment for the Diba & Lakanfla gold project in Mali. The project has a pretax net present value of USD213.3 million, at an 8% discount. It has an indicated and inferred resource of 312,000 ounces and 362,000 ounces of gold, respectively.

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AIM - LOSERS

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Revolution Beauty Group PLC, down 57% at 26.25p, 12-month range 25.30p-173.00p. The beauty and personal care products maker and retailer warns it has been hurt by cost inflation, supply chain issues and the war in Ukraine. It expects only "low single digit revenue growth" in the first half ending August 31 and a "small" loss before interest, tax, depreciation and amortisation. Revenue a year earlier amounted to GBP78.6 million and it had reported an adjusted Ebitda of GBP5.1 million. In addition, it now expects to report results for the year ended February 28 on August 30 as more time is needed to complete an audit.

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GYG PLC, down 38% at 19.67p, 12-month range 18.39p-76.99p. The super-yacht painting, service and supply company proposes delisting from AIM, citing "valuation volatility" and listing costs. Should the delisting be backed, it will consider using a matched bargain facility with a third party provider to allow shareholders to buy and sell shares after cancellation. "Shareholders should be aware that the implementation of a matched bargain facility is only under consideration at this stage and there can be no guarantee that the company will conclude that putting a matched bargain facility in place is beneficial for shareholders," GYG cautions.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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TRADING UPDATES: BMO Commercial Property annual payout halved

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IN BRIEF: Ascent Resources Postpones Arbitration In Slovenia Dispute

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IN BRIEF: Ascent Resources Raises GBP1 Million For ESG Metals Plan

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IN BRIEF: Ascent Resources To Limit Operations At Petisovci Gas Well

IN BRIEF: Ascent Resources To Limit Operations At Petisovci Gas Well

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IN BRIEF: Iconic Labs Adds Ascent Director Birrell As Non-Executive

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AIM WINNERS & LOSERS: Falanx Rises On Contract Wins, Loan Talks

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5 Feb 2021 10:15

Ascent continues Slovenia negotiations as well returns to production

(Sharecast News) - Caribbean, Latin America and Europe-focussed energy and natural resources company Ascent Resources responded to the recent rise in its share price on Friday, updating the market on the previously-announced direct negotiations with the government of Slovenia and on its operations in that country.

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5 Feb 2021 10:14

Ascent Resources Says Petisovci's PG-11A Well Put Back Online

Ascent Resources Says Petisovci's PG-11A Well Put Back Online

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IN BRIEF: Ascent Resources Loan Drops After Warrant Covnersion

IN BRIEF: Ascent Resources Loan Drops After Warrant Covnersion

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UK TRADING UPDATE SUMMARY: Schroder Funds Watch US Ban On China Deals

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