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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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UK WINNERS & LOSERS SUMMARY: Urban&Civic Jumps As It Agrees Buyout

Fri, 06th Nov 2020 10:29

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.

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FTSE 250 - WINNERS

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Rank Group, up 6.5%. The gambling firm raises GBP70 million through a placing and retail offer. Rank notes the 90 pence placing price was a 4.3% premium to its closing price on Thursday.

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FTSE 250 - LOSERS

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James Fisher & Sons, down 19%. During the third quarter of 2020, the marine services company said it "did not see the improvement to trading conditions". James Fisher was waiting for a "seasonal uplift" during the period and due to it not being forthcoming, revenue for the nine months ended September was down 17% year-on-year.

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easyJet, down 5.1%. The budget carrier said it now plans to fly "no more than 20%" of its planned capacity for the first quarter of financial 2021 due to the latest Covid-19 restrictions in the UK, Germany and France. easyJet also announced the sale and leaseback of 11 aircraft, netting the carrier USD169.5 million.

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OTHER MAIN MARKET AND AIM - WINNERS

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Urban&Civic, up 65%. The property company has agreed a GBP506.0 million takeover by healthcare charity Wellcome Trust. The 345.0 pence per share offer is a 64% premium to Urban's 211.0p closing price on Thursday. The stock was trading at 347.00p on Friday morning.

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Mears Group, up 25%. The housing sector services provider has agreed to sell its TerraQuest Solutions unit to funds managed by Apse Capital for up to GBP72.0 million.

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Empire Metals, up 21%. The exploration and development company reported on drilling of the Eclipse gold project in Australia. The firm noted mineralisation "remains open at depth" and the results of work at the asset are encouraging.

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Gulf Marine Services, up 12%. The UAE-based support vessels provider said its performance in the first nine months of 2020 "remains ahead of the business plan". It reaffirmed guidance of adjusted earnings before interest, tax, depreciation and amortisation between USD57 million and USD62 million in 2020.

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OTHER MAIN MARKET AND AIM - LOSERS

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Beowulf Mining, down 14%. The mineral explorer has found "highly anomalous IP chargeability targets" at its Majdan Peak gold target in Kosovo. The company also outlined plans to raise GBP7.3 million through an open offer of up 225.8 million shares at 3.16 pence each. Funds will be used to further its portfolio.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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IN BRIEF: Beowulf Mining hopeful for prospects of updated strategy

Beowulf Mining PLC - Sweden, Finland and Kosovo-focused mining company - Provides update for the graphite anode materials plant in the GigaVaasa area. Updates strategy to fast-track full GAMP process to capture more of the anode material production value-chain and provide greater supply-chain security following the export controls imposed by China on graphite materials in December 2023. Explains graphite concentrate will initially be sourced from third parties but ultimately the intention is to develop own deposits in Finland where preliminary metallurgical test-work has returned very encouraging results. Says enhanced pre-feasibility study on the full GAMP process is expected to be concluded during 2024. Chief Executive Ed Bowie comments: "This updated strategy builds on the PFS completed last year and, through capturing more of the value-chain, is expected to improve the already excellent economics."

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IN BRIEF: Beowulf Mining third-quarter loss narrows after loan repaid

Beowulf Mining PLC - Sweden, Finland and Kosovo-focused mining company - Consolidated loss narrows to GBP586,127 in the third quarter that ended September 30 from GBP593,178 a year prior, as finance charges fall to effectively none from GBP146,120. This was the result of a bridging loan being repaid in the first quarter of 2023. The company does not generate revenue. Looking ahead, Beowulf is focused on Kosovo, where Vardar Minerals completed "critical" baseline mapping and sampling on Beowulf's Shala licenses. Chief Executive Ed Bowie explains: "The area contains kilometre-scale hydrothermal alteration systems with significant base and precious metal content identified in soils and grab samples. Follow-up work including detailed mapping, infill sampling and drone magnetic surveys, are helping to better define future drill targets."

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

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(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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TRADING UPDATES: Bezant optimistic after Hope & Gorob estimate

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Beowulf's Grafintec seeing opportunities in China export ban

(Sharecast News) - Beowulf Mining updated the market on its graphite strategy on Friday as it looked to capitalise on a new, restrictive regulatory move from China.

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Beowulf's Grafintec seeing opportunities in China export ban

(Sharecast News) - Beowulf Mining updated the market on its graphite strategy on Friday as it looked to capitalise on a new, restrictive regulatory move from China.

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24 Oct 2023 16:37

Beowulf Mining shares jump as work ramps up at Kallak iron ore project

(Alliance News) - Shares in Beowulf Mining PLC on Tuesday leapt after reporting a positive update at its Kallak iron ore project.

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24 Oct 2023 13:29

Beowuld reports progress on Kallak Iron Ore Project

(Sharecast News) - Beowulf Mining updated the market on progress and its plans for the Kallak Iron Ore Project on Tuesday, alongside its wholly-owned Swedish subsidiary Jokkmokk Iron Mines.

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

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TRADING UPDATES: Cohort trading ahead of expectations, record orders

(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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Beowulf Mining notes Grafintec working to establish graphite facility

(Alliance News) - Beowulf Mining PLC on Monday noted that its Finnish subsidiary Grafintec Oy is working on establishing a facility for processing graphite, focused on the European battery industry.

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