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Pin to quick picksArrow Explor. Share News (AXL)

Share Price Information for Arrow Explor. (AXL)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 20.75
Bid: 20.50
Ask: 21.00
Change: 1.00 (5.00%)
Spread: 0.50 (2.439%)
Open: 20.00
High: 21.00
Low: 20.75
Prev. Close: 20.00
AXL Live PriceLast checked at -

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AIM WINNERS & LOSERS: Hercules Site to divest unit; Engage XR falls

Mon, 06th Jan 2025 11:07

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

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AIM - WINNERS

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Hercules Site Services PLC, up 4.8% at 44.00 pence, 12-month range 23.00p-52.40p. The labour supplier for the UK infrastructure and construction sectors says it will divest its suction excavator business. The arm amounted to less than 5% of group revenue in the year to September 30, but 88% of consolidated debt excluding invoice discounting. "Therefore, the proposed divestment will materially reduce debt levels and increase the group's free cash flow. The proposed divestment will enable the group to dedicate greater resources to deliver on its strategy to capitalise on the continued high-growth opportunities available to Hercules' core labour supply business as the UK continues to carry out a series of substantial construction and infrastructure upgrades," it adds.

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AIM - LOSERS

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Arrow Exploration Corp, down 9.6% at 23.95p, 12-month range 17.00p-33.50p. The oil exploration company says the AB-1 well is now in production. The average initial output rate was 658 barrels of oil per day. Early output results are "in line with expectations", it says. The firm, with a portfolio of assets across key Colombian hydrocarbon basins, also adds the AB-2 well has reached target depth.

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Engage XR Holdings PLC, down 8.3% at 0.55p, 12-month range 0.50p-4.00p. Engage XR warns revenue will come in below market expectations, due to delays in finalising some larger Middle East pacts. The virtual reality technology company expects to report 2024 revenue of EUR3.4 million, down from EUR3.7 million in 2023, and below market expectations. This is due to "delays in finalisation of some larger contracts in the Middle East and the continued delayed deployment of the previously announced contract with a Middle Eastern client". Its loss before interest, tax, depreciation and amortisation is expected to be EUR4.0 million, unmoved on-year. It adds: "Looking ahead, the group anticipates significant growth opportunities through working with partners in the Middle East throughout 2025 and beyond in both education and training verticals. The group's strong pipeline is evidence of the progress being made with partners in the Middle East and in the USA."

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By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2025 Alliance News Ltd. All Rights Reserved.

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Canaccord Genuity lowers target price on Arrow Exploration

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5 Feb 2025 14:01

Arrow Exploration reports drilling progress at Alberta Llanos

(Sharecast News) - Arrow Exploration updated the market on its drilling operations at the Alberta Llanos field in Colombia's Llanos Basin on Wednesday, where it holds a 50% beneficial interest.

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AIM WINNERS & LOSERS: Arrow Exploration well disappoints

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6 Jan 2025 11:16

Arrow Exploration says Colombian oil venture meets expectations

(Alliance News) - Arrow Exploration Corp on Monday reported production at its 50%-owned Alberta Llanos venture in Colombia was progressing in line with expectations.

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Arrow Exploration reveals promising results from AB-1 well

(Sharecast News) - Arrow Exploration announced promising results from the AB-1 well at the Alberta Llanos field on the Tapir Block in Colombia on Monday, where it holds a 50% beneficial interest.

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Arrow Exploration reaches target depth at AB-1 well

(Sharecast News) - Arrow Exploration announced on Tuesday that it has reached target depth on the Alberta Llanos-1 (AB-1) exploration well, located on the Tapir Block in Colombia's Llanos Basin.

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Arrow Exploration reports strongest ever quarterly figures

(Alliance News) - Arrow Exploration Corp on Thursday said it was planning for another year of growth as it realised strong on-year improvements in key performance metrics.

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UK shareholder meetings calendar - next 7 days

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31 Jul 2024 14:11

Arrow Exploration says Colombia well performs above expectations

(Alliance News) - Arrow Exploration Corp on Wednesday said the CNB HZ-well 1 in Colombia is performing ahead of expectations, while another well as come into production and is also impressing.

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21 Jun 2024 10:22

AIM WINNERS & LOSERS: Ondine up on NHS boost; Arrow returns some gains

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

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Arrow Exploration says drill results validate new technology

(Alliance News) - Arrow Exploration Corp shares surged on Wednesday, after the company said results at its first Ubaque horizontal well were "exceeding expectations".

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LONDON MARKET MIDDAY: Stocks stay green as UK inflation back to target

(Alliance News) - Stock prices in London continued to trend higher at midday on Wednesday, after data confirmed the return of UK inflation to its target rate of 2%.

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LONDON MARKET OPEN: FTSE 100 struggles despite UK inflation respite

(Alliance News) - London's FTSE 100 moved lower early Wednesday, despite a favourable UK inflation reading which may have strengthened hope for a summer rate cut.

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TRADING UPDATES: Tasty restructuring backed; Alien Metals raises funds

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

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