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Pin to quick picksCobra Resource. Share News (COBR)

Share Price Information for Cobra Resource. (COBR)

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Share Price: 1.30
Bid: 1.25
Ask: 1.35
Change: 0.02 (1.56%)
Spread: 0.10 (8.00%)
Open: 1.30
High: 1.30
Low: 1.30
Prev. Close: 1.28
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SMALL-CAP WINNERS & LOSERS: Equiniti shares fall on swing to 2020 loss

Thu, 01st Apr 2021 10:54

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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SMALL-CAP - WINNERS

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Galliford Try Holdings PLC, up 2.8% at 130.56 pence, 12-month range 70p-167.06p. The construction group says its Environment arm has been appointed to Scottish Water's new Non-Infrastructure Framework for the SR21-27 investment programme, in joint venture with MWH Treatment. The new framework is valued at GBP700 million over six years beginning this year, and will see the 50-50 joint venture, known as ESD, support the capital delivery functions of Scottish Water.

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SMALL-CAP - LOSERS

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Cobra Resources PLC, down 25% at 1.92p, 12-month range 0.65p-3.85p. Says 2020 work programme at the Wudinna gold project in south Australia successfully identified a strike extension of mineralisation at the Clarke prospect. Says 2021 programme will focus on drilling for further strike extensions to the Clarke mineralised trend sufficient to deliver an initial mineral resource for this prospect. However, adds that Craig Moulton has resigned as managing director and as a board member. He will stay on for up to six months to handover his responsibilities. "The board will immediately commence a process to identify and select a chief executive officer to lead the next phase of expansion of the Wudinna project mineral resource inventory and will provide further updates in due course," company says.

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Equiniti Group PLC, down 3.6% at 124.50p, 12-month range 96p-180.2p. The financial services administration outsourcer swings to pretax loss of GBP6.6 million for 2020, after making a GBP39.8 million profit in 2019. Revenue fell 15% to GBP471.8 million from GBP555.7 million. The company faced a "very challenging environment" in 2020, with clients cancelling dividends and rights issues. Meanwhile, central bank cuts to interest rates cost Equiniti GBP16.9 million in income. Equiniti is also undergoing boardroom changes, announcing on Thursday that Chief Financial Officer John Stier will step down once a replacement is installed. New Chief Executive Paul Lynam started in the role on Thursday, replacing Guy Wakeley.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
14 Jun 2022 14:25

IN BRIEF: Cobra Resources to start aircore drilling at Wudinna site

Cobra Resources PLC - Wudinna gold project in South Australia - Says McLeod drilling has mobilised the Wudinna project site in South Australia to start the first phase of the company's 2022 field programme. It intends to drill a total of 6,000 metres across 97 holes.

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31 May 2022 11:57

IN BRIEF: Cobra Resources annual loss widens on higher costs

Cobra Resources PLC - Wudinna gold project in South Australia - Pretax loss widens to GBP1.7 million in 2021 from GBP1.0 million the year before. Puts this down to finance costs that jumped to GBP1.1 million from GBP39,755. Recognises no revenue in the year, as it still in its pre-revenue stage and raises funds for its activities through the issue of equity and debt.

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31 May 2022 10:44

SMALL-CAP WINNERS & LOSERS: IQ-AI's IB Zero G moves closer to approval

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

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5 May 2022 20:12

IN BRIEF: Cobra Resources re-analysis shows rare earth mineralisation

Cobra Resources PLC - Wudinna gold project in South Australia - Reports results from stage 2 and 3 re-analysis of a further 96 drillholes from historic drilling at the Baggy Green and Clarke prospects. Says rare earth elements intersected across a broad region connecting the Baggy Green and Clarke prospects, extending the defined REE mineralisation footprint at Wudinna to approximately 4 kilometres, with mineralisation open in multiple directions. At a 350 parts per million total rare earth oxidecut-over grade, 85 holes produced significant intersections where the average grade was 530 ppm TREO over an average true width of intersection of 15.4 metres. Metallurgical test work is underway.

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13 Apr 2022 18:47

TRADING UPDATES: BlueRock output rises; Watkin Jones profit to fall

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

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6 Apr 2022 14:51

IN BRIEF: Cobra Resources jumps as results confirm more mineralisation

Cobra Resources PLC - Wudinna gold project in South Australia - Says results from the reanalysis of 15 drillholes at Baggy Green, Barns, and White Tank on the Wudinna gold project in South Australia confirmed more rare earth mineralisation above gold resources. Continues that it confirmed the potential for clay hosted ion adsorption mineralisation within the saprolite horizon above and proximal to the existing gold resources. Explains it reanalysed the holes after its recent rare earth discovery at the Clark site. Says that the quantity of high-value magnet rare earths is consistent with results from the previously reported Clarke discovery. Notes that results from 38 holes at Clarke and a further 66 holes from Baggy Green are expected this month.

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14 Mar 2022 20:57

TRADING UPDATES: Cobra in line for earn-in; Argo agrees fleet swap

(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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16 Feb 2022 13:24

IN BRIEF: Cobra Resources raises GBP945,000 for Australia gold project

Cobra Resources PLC - Wudinna gold project in South Australia - Confirms raises GBP945,000 from an oversubscribed placing of 63.0 million shares at 1.5 pence each. Cobra had first announced its plans on Tuesday, and the amount raised was what it had targeted. The placing was run by SI Capital Ltd and Taylor Collison Ltd acted as joint bookrunners. The new shares equal 14.9% of the expanded total. Non-Executive Director David Clarke bought 6.3 million shares in the placing, worth GBP95,071.

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15 Feb 2022 22:16

TRADING UPDATES: Tullow faces Norway charge; Light Science wins grant

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

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7 Feb 2022 18:33

TRADING UPDATES: Wheaton Precious 2021 production meets guidance

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24 Nov 2021 11:19

SMALL-CAP WINNERS & LOSERS: MGC Pharma up as on track to hit targets

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12 Nov 2021 14:25

IN BRIEF: Cobra Resources raises Wudinna project interest to 65%

IN BRIEF: Cobra Resources raises Wudinna project interest to 65%

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12 Oct 2021 19:44

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12 Oct 2021 16:26

Cobra executes first phase of exploration programme at Wudinna

(Sharecast News) - South Australia-focussed gold exploration company Cobra updated the market on its recent exploration activities at the Wudinna Gold Project on Tuesday, reporting that it had successfully executed the first phase of its 2021 exploration programme through an "extensive" geochemistry drilling programme using pathfinder chemistry.

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21 Sep 2021 11:54

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