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Pin to quick picksChallenger Energy Share News (CEG)

Share Price Information for Challenger Energy (CEG)

London Stock Exchange
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Share Price: 0.1475
Bid: 0.145
Ask: 0.15
Change: 0.00 (0.00%)
Spread: 0.005 (3.448%)
Open: 0.1475
High: 0.1475
Low: 0.1475
Prev. Close: 0.1475
CEG Live PriceLast checked at -

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AIM WINNERS & LOSERS: GENinCode shares soar on US approvals

Tue, 03rd Jan 2023 11:07

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

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AIM - WINNERS

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GENinCode PLC, up 67% at 12.92 pence, 12-month range 6.5p-34.95p. The cardiovascular disease-focused predictive genetics company wins licensing approval in California state, as well CLIA certification for its Irvine laboratory in California. This allows its risk assessment products for CVD to be provided to patients in 49 US states. The approval is a "major milestone" in the commercialisation of its polygenic CVD products, CARDIO inCode and LIPID inCode, the firm says.

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Challenger Energy Group PLC, up 11% at 0.10p, 12-month range 0.07p-0.69p. The Caribbean and Americas-focused oil and gas firm notes developments in Uragua, with global oil and gas majors, including Shell PLC, being awarded offshore blocks in proximity to Challenger's Area OFF-1 block. The firm considers the entry of major players into Uruguay, and their commitments to undertake "sizeable and meaningful work programs in the near-term" validates its decision to enter the country in 2020. The developments also "[underscore] the solid technical foundation and excellent value proposition represented by the AREA OFF-1 block," Challenger says. The commitments from oil majors includes 3D seismic acquisition and new well drilling.

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AIM - LOSERS

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Bidstack Group PLC, down 28% at 2.01p, 12-month range 1.8p-6.2p. The in-game advertising platform says Azerion Group NV has decided to terminate its media sales partnership, amid a legal dispute over overdue sums Bidstack maintains are due from Azerion. "Bidstack has taken appropriate external legal advice and has concluded that Azerion has no present entitlement to end the agreement," firm says. Bidstack says it intends to claim damages for unlawful termination.

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Helium One Global Ltd, down 27% at 5.2p, 12-month change 4.96p-15.5p. The Tanzania-focused helium exploration company says the Exalo drill rig in southern Africa will be unable to be mobilised for its Rukwa licence in early 2023. This is due to an extension of the current operator's contract, for a period of "up to twelve months". "The company is reviewing a number of alternative rig options for Phase II Tanzania drilling operations and will announce an updated timeline to drilling once new arrangements have been confirmed," the firm said. CEO David Minchin calls the development "disappointing and frustrating".

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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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18 Apr 2024 14:35

Challenger Energy secures Uruguay project funding, shares rise

(Alliance News) - Challenger Energy Group PLC on Thursday said it has entered into a binding agreement that will see Charlestown Energy Partners LLC become one of the largest shareholders.

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11 Mar 2024 13:26

Challenger Energy signs new Uruguay licence

(Sharecast News) - Challenger Energy announced the signing of the AREA OFF-3 licence on Monday, marking a significant milestone for the Caribbean and Americas-focussed energy company.

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11 Mar 2024 11:38

Challenger Energy inks Area Off-3 licence in offshore Uruguay

(Alliance News) - Challenger Energy Group PLC on Monday said that it has formally signed its Area Off-3 licence, located offshore Uruguay.

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6 Mar 2024 13:05

EARNINGS AND TRADING: Challenger signs farm-out; Ricardo revenue up

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

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6 Mar 2024 09:25

AIM WINNERS & LOSERS: Challenger Energy up on Chevron farm-out deal

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

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6 Mar 2024 08:56

LONDON MARKET OPEN: Stocks up with all eyes on UK Spring budget

(Alliance News) - Stock prices in London opened higher on Wednesday, as investors shook off nerves ahead of the UK Spring budget.

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14 Dec 2023 18:18

EARNINGS AND TRADING: Cornish Metals narrows nine-month loss

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

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14 Dec 2023 12:47

Challenger Energy makes progress in Uruguay

(Sharecast News) - Caribbean and Americas-focussed Challenger Energy updated the market on its Uruguayan assets on Thursday, having submitted geotechnical reports for AREA OFF-1 to ANCAP, the Uruguayan regulator, fulfilling its minimum work program obligation on 11 December.

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14 Dec 2023 10:37

AIM WINNERS & LOSERS: musicMagpie jumps on "record" Black Friday

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

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10 Nov 2023 13:15

IN BRIEF: Challenger Energy debt-free after fully repaying bridge loan

Challenger Energy Group PLC - Caribbean and America-focused oil and gas company - Says it is debt-free after fully repaying its short-term GBP346,500 bridge loan in late October, which went towards redeeming in full the drawn and unconverted balance of a convertible loan note funding facility. Says part of the proceeds of the USD3 million sale of Cory Moruga licence onshore Trinidad, announced on Tuesday, were used to repay loan.

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10 Nov 2023 09:50

Challenger Energy now debt-free after bridge loan repayment

(Sharecast News) - Caribbean and Americas-focussed oil and gas company Challenger Energy announced on Friday that it has retired its short-term bridge loan, under the terms it outlined on 27 October.

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7 Nov 2023 18:11

TRADING UPDATES: Actual Experience appoints administrators

(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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30 Oct 2023 15:56

TRADING UPDATES: Bezant optimistic after Hope & Gorob estimate

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

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27 Oct 2023 11:59

Challenger Energy updates its financing arrangements

(Sharecast News) - Challenger Energy Group updated the market on its financing arrangements on Friday, as it secured a short-term bridge loan of £0.35m to promptly redeem the entire drawn and unconverted balance of its previously disclosed convertible loan note funding facility.

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29 Sep 2023 21:54

EARNINGS: Bens Creek sees "difficult" year; Challenger swings to loss

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

Read more

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