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Pin to quick picksBeowulf Share News (BEM)

Share Price Information for Beowulf (BEM)

London Stock Exchange
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Share Price: 0.75
Bid: 0.70
Ask: 0.80
Change: 0.025 (3.45%)
Spread: 0.10 (14.286%)
Open: 0.725
High: 0.75
Low: 0.725
Prev. Close: 0.725
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AIM WINNERS & LOSERS: Zytronic hit by electronic component shortages

Thu, 09th Feb 2023 11:19

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

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AIM - WINNERS

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Genedrive PLC, up 34% at 33.47 pence, 12-month range 8p-42p. The molecular diagnostics company says the UK's National Institute for Health & Care Excellence has preliminarily recommended its antiobiotic-induced hearing loss test for use in the National Health Service. NICE's final guidance will follow a public consultation period, which will close on February 21. "We encourage relevant stakeholders to participate during the public consultation period to support our pioneering work, and look forward to receiving the final NICE report," says CEO David Budd.

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Shield Therapeutics PLC, up 12% at 6.9p, 12-month range 5.5p-36p. The commercial stage pharmaceutical company updates on its annual performance, and now expects revenue of GBP8.5 million, multiplied year-on-year from GBP1.5 million. Says the period was a "landmark" year for Accrufer, its novel oral iron therapy. CEO Greg Madison notes its sales collobration with Viatris is "off to a great start".

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AIM - LOSERS

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Zytronic PLC, down 11% at 134p, 12-month range 110p-192.49p. The touch sensors manufacturer says the performance in the first four months of its financial year has been hit by ongoing global supply chain issues, leading to a shortage of some electronic components. Consequently, it has needed to buy some of these at a higher price on the "grey market", or cannibalise its existing stock. Also notes potential rising costs from proposed increases to national minimum wage and nation living wage in the UK, as well as wage negotiations with its employee representatives. It now expects revenue to be more weighted towards the second half than in the previous year.

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Beowulf Mining PLC, down 8.0% at 3p, 12-month range 2.38p-22.2p. The mining company launches a retail offer of up to 104.0 million new shares at 2.06p, which is around a 31% discount to its closing price on Wednesday. It plans to raise around GBP2.1 million in gross proceeds, which it will put towards its workstreams. Also conducts a preferential rights issue of up to 316.7 million Swedish depositary receipts to raise around GBP6.8 million.

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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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9 Apr 2024 16:04

TRADING UPDATES: Beowulf consolidates Vardar; GIF outpaces benchmark

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15 Mar 2024 14:10

IN BRIEF: "Administrative issue" delays Beowulf's Vardar consolidation

Beowulf Mining PLC - minerals and metals exploration company with operations in the Nordics including the Kallak iron ore asset in northern Sweden - Says that its planned consolidation of 100% ownership of Vardar Minerals Ltd has been delayed due to an unspecified "administrative issue". The transaction was expected to close on Friday, but the company now says that completion will take an additional two weeks. Vardar is a Balkans-focused exploration company in which Beowulf currently holds a 61% stake. Beowulf previously said that the consolidation would provide it with "full control and flexibility to drive the development of Vardar", as well as its exploration portfolio in Kosovo.

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15 Mar 2024 11:32

Beowulf announces two-week delay to Vardar ownership process

(Sharecast News) - Beowulf Mining announced a delay in its planned consolidation of 100% ownership of Vardar Minerals on Friday.

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14 Mar 2024 17:33

Beowulf Mining raises funds via subscription and PrimaryBid offer

(Alliance News) - Beowulf Mining PLC on Thursday announced a conditional offer for subscription of new ordinary shares to repay financing arrangements and corporate costs.

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8 Mar 2024 20:04

TRADING UPDATES: Celadon hails early results of chronic pain trial

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

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7 Mar 2024 13:17

Beowulf Mining appoints project manager to Kallak

(Sharecast News) - Beowulf Mining announced on Thursday that its wholly-owned Swedish subsidiary, Jokkmokk Iron Mines, had appointed Dmytro Siergieiev as the project director for the Kallak Iron Ore Project, effective 1 May.

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4 Mar 2024 19:59

TRADING UPDATES: Beowulf raises funds for Kallak iron ore project

(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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4 Mar 2024 14:29

TRADING UPDATES: Beowulf ups Vardar stake; Impellam buyout nears

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29 Feb 2024 17:28

EARNINGS AND TRADING: Silver Bullet hails "strong, sustained growth"

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27 Feb 2024 15:44

UK shareholder meetings calendar - next 7 days

Wednesday 28 February 
abrdn Property Income Trust LtdGM re merger with Custodian Property Income REIT PLC
Beacon Rise Holdings PLCEGM re continued pursuit of an acquisition
Downing Strategic Micro-Cap Investment Trust PLCGM re managed wind-down
Image Scan Holdings PLCAGM
PPHE Hotel Group LtdEGM re waiver of mandatory offer provisions
Verditek PLCGM re disposal of solar business
Thursday 29 February 
Capital for Colleagues PLCAGM
Home REIT PLCAGM
IntegraFin Holdings PLCAGM
Intuitive Investments Group PLCAGM
Shanta Gold LtdGM re acquisition by ETC Holdings
Vast Resources PLCGM re capital reorganisation
Watkin Jones PLCAGM
Zytronic PLCAGM
Friday 1 March 
Virgin Money UK PLCAGM
Monday 4 March 
Ascent Resources PLCGM re bonus issue of preference shares
JPMorgan Emerging Europe, Middle East & Africa Securities PLCAGM
Lexington Gold LtdAGM
Tuesday 5 March 
Ajax Resources PLCGM re extension of investment mandate
Beowulf Mining PLCGM re capital raise
CC Japan Income & Growth Trust PLCAGM
Driver Group PLCAGM
Edinburgh Worldwide Investment Trust PLCAGM
Jersey Electricity PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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19 Feb 2024 11:24

Beowulf Mining hails renewal of reservation in GigaVaasa area

(Alliance News) - Beowulf Mining PLC on Monday, alongside its Finnish subsidiary Grafintec Oy, celebrated the renewal of an advance site reservation in the GigaVaasa area, where it plans to build a plant.

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16 Feb 2024 11:06

In BRIEF: Beowulf Mining aims to advance Kallak via fundraise

Beowulf Mining PLC - Sweden, Finland and Kosovo-focused mining company - Says intends to undertake capital raise to advance Kallak iron ore project in northern Sweden, the graphite anode materials plant in Finland, and for general corporate purposes. Aims to raise about SEK100 million, around GBP7.5 million via retail offer of shares. Further, a rights issue will be for about SEK80 million before deduction for costs. Main reason for intended fundraise is to complete the ongoing pre-feasibility study and environmental studies in preparation for the environmental impact assessment and application for environmental permit for Kallak.

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