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Pin to quick picksCaspian Sunrise Share News (CASP)

Share Price Information for Caspian Sunrise (CASP)

London Stock Exchange
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Share Price: 3.35
Bid: 3.30
Ask: 3.40
Change: 0.00 (0.00%)
Spread: 0.10 (3.03%)
Open: 3.35
High: 3.35
Low: 3.35
Prev. Close: 3.35
CASP Live PriceLast checked at -

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AIM WINNERS & LOSERS: Aptamer shares claw back some lost ground

Fri, 07th Jul 2023 10:37

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

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AIM - WINNERS

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Caspian Sunrise PLC, up 45% at 4.00 pence, 12-month range 2.06p-8.6p. The Kazakhstan-focused oil and gas exploration and production company resumes trading following the publication of its 2022 results. Shares had been suspended since Monday, after Caspian missed last Friday's six-month deadline. Says it swung to a pretax profit of USD12.3 million in 2022 from a loss of USD4.8 million in 2021, as revenue nearly doubled to USD42.9 million from USD25.0 million. Last Friday, the firm said it was suspending dividends, due to the adverse impact of the war in Ukraine on its revenue, which had sent its shares down 26%.

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Aptamer Group PLC, up 29% at 5.48p, 12-month range 3.01p-100p. The custom affinity binder developer announced contract wins for up to GBP507,000 over the next six months. Its shares had come under selling pressure on Tuesday after it warned it was running low on cash, and expected a double-digit percentage decline in revenue in its recently-concluded financial year. "In addition to trading income, further funding will be required in the short-term in order to continue as a going concern," the firm reiterates. Its stock is still down 23% this week.

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AIM - LOSERS

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Quadrise PLC, down 34% at 1.25p, 12-month range 0.9p-2.8p. The residual oil technology company says it intends to conduct a placing of 140 million shares at 1.25 pence to raise no less than GBP1.0 million. The issue price is a 34% discount to the closing price of 1.90p on Thursday. Also launches open offer to shareholders of up to a maximum of GBP2.3 million. Says fundraise is to progress operations and active projects and will strengthen its balance sheet. Says placing will strengthen its balance sheet and is in the best interest of the company and shareholders.

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Helium One Global Ltd, down 6.3% at 5.20p, 12-month range 4.32p-9.3p. The Tanzania-focused helium explorer continues to have concerns about the lack of operational and contractual progress regarding its letter of intent with drilling contractor SOFORI. As a result, it has issued SOFORI a rectification notice. Says it is reviewing and progressing with a number of alternative options that will still allow it to meet its targeted drilling of the Tai-C well in the event that SOFORI does not fulfil the obligations outlined in the rectification notice.

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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.

More News
12 Jun 2023 14:57

Caspian Sunrise agrees sale of 50pc of Explorer vessel

(Sharecast News) - Gas and oil explorer Caspian Sunrise announced the conditional sale of a 50% stake in the Caspian Explorer drilling vessel for cash consideration of $22.5m on Monday.

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12 Jun 2023 11:55

Caspian Sunrise sells 50% of Caspian Explorer; well hit by sanctions

(Alliance News) - Caspian Sunrise on Monday said it sold 50% of the Caspian Explorer to Stepping Stone Investments Ltd.

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7 Mar 2023 17:11

TRADING UPDATES: Caspian Sunrise signs charter contract, eyes further

(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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7 Mar 2023 16:47

Caspian Sunrise agrees first major hire of Explorer rig

(Sharecast News) - Caspian Sunrise announced the signing a contract chartering the Caspian Explorer, its bespoke drilling vessel, to the Isatay Operating Company on Tuesday, for a well set to be drilled in summer 2024.

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20 Feb 2023 13:26

IN BRIEF: Caspian Sunrise says 2024 charter agreement terms finalised

Caspian Sunrise PLC - oil and gas exploration company operating in Central Asia, especially in Kazakhstan - Says the terms of the charter agreement for the drilling vessel Caspian Explorer, previously announced for 2024 in mid-January, have now been agreed. Says the formal signing is scheduled for late March.

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30 Jan 2023 12:12

Caspian Sunrise notes oil flow at deep well 802 before completion

(Alliance News) - Caspian Sunrise PLC on Monday said that its deep well 802 at the BNG contract area in the south-west of Kazakhstan is flowing at between 700 to 900 barrels of oil per day, as oil was discovered before the well was completed.

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16 Jan 2023 11:51

IN BRIEF: Caspian Sunrise shares up on tender win to drill well

Caspian Sunrise PLC - Kazakhstan-focused oil & gas exploration and production company - Says its bespoke drilling vessel Caspian Explorer wins a tender to drill a deep well in the Caspian Sea, with the formal contract expected to be signed by the end of February. Says the well is scheduled to be drilled in the summer of 2024, to a planned depth of 2,500 meters. Expects work to take about two months.

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22 Dec 2022 10:51

Caspian Sunrise expecting deep well drilling results by end of January

(Alliance News) - Caspian Sunrise PLC on Thursday said drilling continued in its deep wells, as work progresses to increase shallow well production.

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11 Nov 2022 08:42

LONDON MARKET OPEN: Prudential and miners rise on positive China news

(Alliance News) - China exposed stocks led the way in London on Friday morning, while the pound continued to get a boost from a cooler-than-expected US inflation reading, despite glum UK economic figures.

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7 Nov 2022 10:47

AIM WINNERS & LOSERS: PayPoint buys Appreciate; Joules sinks

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

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4 Nov 2022 13:48

Caspian Sunrise declares its first ever dividend

(Sharecast News) - Caspian Sunrise declared its maiden dividend, as well as the creation of a new oil trading division, in an update on Friday.

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4 Nov 2022 11:04

AIM WINNERS & LOSERS: Enwell loses Ukraine license; Thor strikes gold

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

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4 Nov 2022 10:58

Caspian Sunrise shares soar on plan to avoid Russia price discount

(Alliance News) - Caspian Sunrise PLC on Thursday announced the creation of a new oil trading division, updated on its current operations, and declared a maiden dividend of 0.04 pence per share.

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26 Sep 2022 13:38

EARNINGS UPDATES: Devolver Digital and Jangada swing to interim loss

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

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27 Jun 2022 11:29

AIM WINNERS & LOSERS: CareTech accepts offer; Caspian loss widens

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

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