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Pin to quick picksCOPL Share News (COPL)

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Share Price Information for COPL (COPL)

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Share Price: 0.0575
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TRADING UPDATES: Castings expects revenue growth on input price rise

Tue, 16th Aug 2022 16:24

(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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Castings PLC - West Midlands, England-based iron castings and machining firm - From June onwards, demand from commercial vehicle customers continue to increase with little disruption from supply chain issues. Forward demand schedules reflect higher build rates required by heavy truck original equipment manufacturers. Castings expects the most significant rise in input prices to take place on October 1, leading to a revenue increase in the second half of 2022, but negatively affect its profit margin percentage.

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Griffin Mining Ltd - operator of the Caijiaying zinc-gold mine in China - For the six months ended June 30, pretax profit drops 65% to USD5.4 million from USD15.5 million the same period a year before, on revenue which drops 36% year-on-year to USD34.7 million from USD54.1 million. The weaker performance is due to operations at the Caijiaying zinc-gold mine being suspended for the first quarter of 2022 due to the Winter Olympics. This more than offset record zinc production in the second quarter.

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Canadian Overseas Petroleum Ltd - Calgary, Canada-based oil and gas company - For the second quarter of 2022, net crude oil sales average 961 barrels per day, down 14% from 1,114 barrels per day in the first quarter, due to the operational interruptions at certain wells. Petroleum sales remain flat at USD7.1 million as an increase in commodity prices offsets the reduction in oil output.

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Okyo Pharma Ltd - London-headquartered biotechnology company - For the year ended March 31, posts loss of GBP4.0 million, widened from GBP2.5 million the year before, driven by a rise in R&D expenses to GBP953,000 from GBP133,000, as a result of progress being made toward filing an investigational drug application with the US Food & Drug Administration for OK-101.

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TMT Investments PLC - Jersey-based venture capital investor in high-growth technology companies - As at June 30, net asset value per share drops 26% to USD6.68 from USD9.00 at the end of December 2021. During the six month period, makes USD7.3 million of investments across six new and existing firms

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Pure Gold Mining PLC - Vancouver-based gold mining company focused on Canada - For the six months ended June 30, net loss widens to CAD42.2 million from CAD32.6 million the same period a year prior, despite revenue rises 24% year-on-year to CAD27.0 million from CAD21.7 million. Gold output declines 18% to 8,244 ounces, but sales increase 16% to 11,375 ounces, while the average gold price rises 6% to USD1,864 per ounces from USD1,789. Looking ahead, expects third quarter ore throughput to average between 775 to 875 tonnes per day at 4.0 to 5.0 grams per tonne of gold.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
12 Mar 2024 08:29

IN BRIEF: Canadian Overseas Petroleum applies for debtor protection

Canadian Overseas Petroleum Ltd - oil and gas exploration company with operations in US state of Wyoming - Shares suspended from trading in London and Toronto on Monday, after COPL applies for an initial order under the companies' creditors arrangement act in Canada. COPL had warned in February of its "precarious financial situation", and the application for debt protection follows expiration of a forbearance agreement with its senior lenders. The CCAA order provides for a stay in legal proceedings, approval of debtor-in-possession financing, and the appointment of KSV Restructuring Inc to act as monitor of the company. COPL says it will continue to operate and pay critical suppliers, but there is "little prospect for a return to shareholders or bond holders". COPL on Tuesday confirms the initial CAA order has been issued by the court in the province of Alberta. At the same time, senior lenders to subsidiary COPL America Inc agree to support a sale and investment solicitation process.

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29 Feb 2024 18:52

EARNINGS AND TRADING: Frontier IP sells last of Exscientia holding

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

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22 Feb 2024 14:22

TRADING UPDATES: Mycelx starts strongly; Great Southern in Chile deals

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

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12 Feb 2024 12:09

IN BRIEF: Canadian Overseas announces resignation of CFO Gaffney

Canadian Overseas Petroleum Ltd - London and Calgary, Canada-based oil and gas exploration company with operations in Wyoming, US - Announces that Chief Financial Officer Ryan Gaffney has stepped down from his role. Board "will be considering a process to identify qualified candidates" to replace Gaffney, but notes this is taking place "amidst ongoing restructuring discussions". Adds that Province LLC is supporting it through the provision of various operational and financial advisory services.

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18 Jan 2024 20:32

EXECUTIVE CHANGES: Eco Buildings chair leaves and vice chair ousted

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:

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16 Jan 2024 11:31

IN BRIEF: Canadian Overseas closes "critical" short-term financing

Canadian Overseas Petroleum Ltd - London and Calgary, Canada-based oil and gas exploration company with operations in Wyoming, US - Announces completion on Monday of "critical" USD2.5 million equity financing, issuing 1.31 billion shares to its "leading" equity and convertible bond investor Anavio Capital Partners LLP. Upon closing, Anavio holds 24.5% of company's share capital. Company will also grant Anavio 1.31 million warrants exercisable at 0.15 pence per share.

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15 Jan 2024 11:28

IN BRIEF: Canadian Overseas shares surge on exchange exemption request

Canadian Overseas Petroleum Ltd - London and Calgary, Canada-based oil and gas exploration company with operations in Wyoming, US - Requests exemptions under Policy 4, Corporate Governance, Security Holder Approvals & Miscellaneous Provisions of the Canadian Securities Exchange. Says request is with respect to CES's requirement for security holder approval of an offering. Company believes it satisfies the majority of requirements for an exemption, in part due to being in "serious financial difficulty".

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12 Jan 2024 12:00

IN BRIEF: Canadian Overseas unaware of reason for stock price surge

Canadian Overseas Petroleum Ltd - London and Calgary, Canada-based oil and gas exploration, development and production company with operations in Converse and Natrona counties in the US state of Wyoming - Notes recent movement in share price. Says it is "not aware" of reasons for this movement.

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27 Dec 2023 09:47

SMALL-CAP WINNERS & LOSERS: Canadian Overseas up as brief CEO resigns

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

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27 Dec 2023 09:42

Canadian Overseas Petroleum CEO resigns after four months in post

(Alliance News) - Canadian Overseas Petroleum Ltd on Wednesday said Chief Executive Officer John Cowan has resigned after just four months on the job.

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27 Dec 2023 08:48

LONDON MARKET OPEN: FTSE 100 gains led by miners and industrials

(Alliance News) - Stock prices in London opened in the green on Wednesday, as hopes for US interest rate cuts in the new year continued to propel global equities higher.

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27 Dec 2023 07:52

LONDON BRIEFING: AstraZeneca buys Gracell Biotech; COPL CEO resigns

(Alliance News) - Stocks in London were expected to make gains at Wednesday's market open, as investors continued to pin their hopes on US interest rate cuts.

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18 Dec 2023 10:59

IN BRIEF: Canadian Overseas Petroleum shares plunge as JV talks end

Canadian Overseas Petroleum Ltd - oil and gas exploration, production and development company - Says its non-binding Cole Creek joint venture letter of intent has been terminated. Adds that there are no further discussions planned. COPL holds a 100% operating interest in the Cole Creek unit.

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18 Dec 2023 10:15

SMALL-CAP WINNERS & LOSERS: Canadian Overseas Petroleum JV plans axed

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

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18 Dec 2023 09:07

LONDON MARKET OPEN: FTSE 100 edges higher as Fed rally fades elsewhere

(Alliance News) - The FTSE 100 managed to eke out some minor gains at Monday's market open, while stocks elsewhere pulled back after last week's advance.

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