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Pin to quick picksAura Egy Share News (AURA)

Share Price Information for Aura Egy (AURA)

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Share Price: 9.50
Bid: 9.00
Ask: 10.00
Change: 0.00 (0.00%)
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AIM WINNERS & LOSERS: Zoltav falls amid warning over future on AIM

Mon, 04th Oct 2021 10:58

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

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AIM - WINNERS

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Aura Energy Ltd, up 20% at 13.36 pence, 12-month change 2.13p-23p. Trading on Australian Securities Exchange halted pending release of an announcement relating to "finalisation of an offtake agreement". Share trading on AIM continues.

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Falanx Group Ltd, up 19% at 1.25p, 12-month range 0.51p-2.0p. Launches new cyber security assessment tool, Falanx: Cyber Exposure Level. It is sold on a subscription basis and is expected to generate "high quality" recurring revenue. "Various large channel partners have already expressed their interest in deploying this into their customer bases. Consequently, the board believes that there is potential for growth, not only from sales of f:CEL itself, but also through incremental follow-on sales of cyber security services such as monitoring and penetration testing," it says.

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Reabold Resources PLC, up 16% at 0.221p, 12-month range 0.15p-0.87p. Extends gains after 19% rally on Friday. Planning permission has been refused to enlarge its oil and gas drilling site in Yorkshire, but operator Rathlin Energy UK Ltd believes there is "strong basis for a successful appeal". The East Riding of Yorkshire Council Planning Committee rejected an application for the West Newton A well site expansion, which was refused by a narrow margin. Reabold holds a majority interest in Rathlin, the operator of the asset and majority shareholder in the project. Union Jack Oil also holds a minority stake. Union Jack shares are down 2.0%, having lost 1.9% on Friday.

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AIM - LOSERS

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Zoltav Resources Inc, down 31% at 23.55p, 12-month range 15p-60.99p. The Russia-focused oil and gas company says subsidiary Diall Alliance LLC enters into two non-revolving credit facilities with PJSC Sberbank of Russia. Financing has conditions restricting intra group transfers and cash outflows from Zoltav's main operating subsidiary, Diall. As such, says it needs to cut costs and it may be "challenging" to maintain its licence obligations with regards to the Koltogor Licences, its offshore corporate structure, and the listing of shares on AIM. "The board and management will conduct a thorough and comprehensive analysis of alternative options...However, given the company has for some time been unable to attract either public or bank finance, it is likely that the company will be unable to maintain the listing of its ordinary shares on AIM beyond the next few months," it says.

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Quadrise Fuels International PLC, down 10% at 3.55p, 12-month range 1.61p-6.66p. For financial year to June 30, the residual oil technology licensor records revenue of GBP17,000 versus none a year before, while pretax loss slims to GBP4.4 million from GBP5.0 million. Says that it has the resources in place to reach forecast sustainable commercial revenue in the first quarter of 2023. Anne Crow, director at Edison Group, notes that management's estimated timescale for commercial revenue has "slipped from July 2022 to CY Q123".

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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EARNINGS AND TRADING: Aura confident in Tiris; Cindrigo enters Germany

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Aura Energy amends offtake agreement with Curzon for Tiris project

(Alliance News) - Aura Energy Ltd on Tuesday said it has amdended its offtake agreement with Curzon Uranium Ltd regarding the development of the Tiris uranium project in Mauritania.

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26 Mar 2024 12:43

Aura Energy appoints Mark Somlyay as new chief financial officer

(Alliance News) - Aura Energy Ltd on Tuesday named Mark Somlyay as its new chief financial officer, starting April 22.

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25 Mar 2024 16:54

IN BRIEF: Aura Energy issues tranche of USD16.2 million placement

Aura Energy Ltd - Minerals exploration company with projects in Mauritania, Sweden and Western Australia - Completes issue of first tranche of ordinary shares from the USD16.2 million placement previously announced on March 18. The first tranche consisted of raising USD16.1 million before costs, via the placement of 89.7 million shares at USD0.30 each to new and existing institutional and sophisticated investors.

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18 Mar 2024 12:52

Aura Energy down on discounted fundraise for Tiris and Haggan projects

(Alliance News) - Shares in Aura Energy Ltd dipped on Monday, as the company revealed plans for a discounted placing and buyback program, despite reporting narrowing losses and operational progress across its mining portfolio.

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15 Mar 2024 11:46

IN BRIEF: Aura Energy falls amid share suspension in Sydney

Aura Energy Ltd - mineral explorer with projects in Sweden and Mauritania - Says it has requested the Australian Securities Exchange to immediately halt trading in its shares quoted on the ASX in Sydney. Explains that request has been made pending a further announcement from the company regarding a private equity placement. The company expects trading in its shares to resume on the ASX either when the expected announcement is made, or upon market open on Tuesday next week. Trade continues as normal on AIM.

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15 Mar 2024 10:07

AIM WINNERS & LOSERS: Wishbone Gold jumps on "positive drilling"

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

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12 Mar 2024 11:19

IN BRIEF: Aura Energy drilling at Tiris finds new mineralisation

Aura Energy Ltd - mineral explorer with projects in Sweden and Mauritania - Says new high-grade mineralisation defined at its Tiris uranium project in Mauritania, with 1,170 parts per million of triuranium octoxide discovered. Says phase two drilling is underway. Says resource growth and potential high-grades have the potential to "further enhance the excellent economics" of the Tiris project.

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28 Feb 2024 11:24

Aura Energy FEED study confirms "excellent economic returns" at Tiris

(Alliance News) - Aura Energy Ltd on Wednesday said the recently completed FEED study for its Tiris uranium project in Mauritania has confirmed "excellent economic returns".

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26 Feb 2024 11:32

Aura Energy celebrates Swedish reconsideration of Uranium mining ban

(Alliance News) - Aura Energy on Monday noted an inquiry by the Swedish government into the country's uranium extraction ban, which the company believes could greatly increase the value and utility of its Haggan deposit.

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30 Jan 2024 12:19

IN BRIEF: Aura Energy hires CEO as prepares for strong uranium demand

Aura Energy Ltd - developing 85%-owned Tiris uranium project in Mauritania - David Woodall resigns as managing director and chief executive officer. Appoints in his place to both roles Andrew Grove, a mining and finance executive with 30 years experience who has been serving as a strategic consultant to the board. Both are with immediate effect. Among other roles, Grove worked in mining finance and risk management at Macquarie Bank.

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26 Jan 2024 14:30

TRADING UPDATES: Puma and Puma Alpha invest in Not Another Beer

(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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5 Jan 2024 13:55

Aura Energy launches exploration drilling at Tiris Uranium Project

(Sharecast News) - Aura Energy announced the launch of a substantial exploration drilling initiative at its Tiris Uranium Project in Mauritania on Friday.

Read more

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