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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: 1.15
Bid: 1.10
Ask: 1.20
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SMALL-CAP WINNERS & LOSERS: Hostmore falls as interim loss widens

Wed, 21st Sep 2022 11:26

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

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SMALL-CAP - WINNERS

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Ten Entertainment Group PLC, up 5.0% at 198.40 pence, 12-month range 183.00p - 285.01p. Swings to a pretax profit of GBP21.0 million from a loss of GBP10.8 million in the six months ended June 30. Revenue surges to GBP63.2 million from GBP10.6 million. The bowling alley operator says it is "delighted" with the growth as last year it benefited significantly from exceptional sales due to UK 'staycations' and the initial pent-up demand from the release of Covid restrictions. Notes record breaking February and May half-term trading in the half, as well as an "exceptional" Easter. Adds the positive sales trend continued to the end of the first half despite a very hot summer when, traditionally, bowling and other indoor activities aren't favoured.

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Galliford Try Holdings PLC, up 4.0% at 163.20 pence, 12-month range 145.80p - 213.00p. Swings to a pretax profit of GBP19.1 million before exceptional items in the year ended June 30 from a loss of GBP11.4 million the previous year. Exceptional items relate to the acquisition of nmcn's water business and its investment in a cloud-based IT system. After exceptional items, profit fell 53% to GBP5.4 million from GBP11.4 million. Revenue rises by 9.7% to GBP1.24 billion from GBP1.13 billion, resulting primarily from growth in the company's infrastructure section, the construction firm explains.

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Panther Metals PLC, up 6.5% at 5.70 pence, 12-month range 5.00p - 14.92p. Reports positive findings from a gold-focussed soil geochemical sampling programme conducted on the firm's recently acquired Shear Gold Manitou Lakes Project in Canada. Explains all three soil survey grids conducted during this first programme have identified anomalous areas of gold in soil with a "significant proportion" of the results returning "highly significant" gold. Chief Executive Darren Hazelwood was the team will be back on site before the end of September.

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SMALL-CAP - LOSERS

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Hostmore PLC, down 6.8% at 22.00 pence, 12-month range 21.00p - 156.24p. In the six months ended July 3, the Friday's restaurant chain owner reports a widened pretax loss of GBP17.1 million. The previous year it posted a loss of GBP11.2 million. Revenue surges to GBP98.5 from GBP39.9 million. However, underlying administrative expenses jump to GBP70.2 million from GBP50.9 million. Adds that the 10 weeks since July 3 has seen like-for-like revenue 14% below the comparable period in financial 2019 due to weaker consumer demand. Expects trading conditions to remain challenges due to inflationary pressures and the risk of higher utilities.

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Cobra Resources PLC, down 5.6% at 1.70 pence, 12-month range 1.10p - 3.20p. Narrows its pretax loss to GBP226,953 in the six months to June 30 from GBP842,631 the previous year. Total assets at June 30 falls to GBP845,916 from GBP1.1 million at the same time a year prior. Looking forward, the firm says it is focused on the continuation of exploration activities, including the re-analysis of the Thompson and Anderson prospects. Expects to update its gold mineral resource and its maiden rare earth resource estimate before the end of the year.

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By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
20 Jun 2022 11:57

IN BRIEF: Cobra Resources discovers high-grade intersection at Wudinna

Cobra Resources PLC - Wudinna gold project in South Australia - Identifies "exceptional" high-grade rare earth element intersections within saprolite clays at several regional targets at the stage 4 reanalysis of a further 78 drill holes from its Wudinna project in Australia. Says that a number of the prospects yielding high-grade rare earth intersections will be tested within its current aircore drilling programme. Adds that the high-grade intersections occur along a 47-kilometre structural trend across the project's 1,832 square kilometres.

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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.

Read more
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

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

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

TRADING UPDATES: PCI-PAL adds Amazon platforms; Mode Global, THG team

TRADING UPDATES: PCI-PAL adds Amazon platforms; Mode Global, THG team

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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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