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AIM WINNERS & LOSERS: Wishbone drill results impress; DeepVerge pact

Mon, 01st Aug 2022 11:14

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

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AIM - WINNERS

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Vast Resources PLC, up 23% at 0.79 pence, 12-month range 0.22p-7.50p. The production and development firm will begin molybdenum concentrate production at the Baita Plai polymetallic project in Romania this month.

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Wishbone Gold PLC, up 18% at 12.66 pence, 12-month range 0.057p-13.79p. The firm reports "encouraging" drill results at the Red Setter gold and copper project in Western Australia.

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DeepVerge PLC, up 6.6% at 16.25 pence, 12-month range 9.02p-33.00p. The environmental and life science firm's Modern Water division wins new orders worth for GBP2.1 million. It will use its all membrane brine concentration technology to treat wastewater for chemical plants in India.

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AIM - LOSERS

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Symphony Environmental Technologies PLC, down 13% at 16.50p, 12-month range 13.66p-28.92p. The plastics and rubber technology developer says revenue in the first half of 2022 declines 39% year-on-year to GBP3.0 million from GBP4.9 million. It notes "short term logistics and resource issues" hit the half-year outturn, though these problems have since been resolved.

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Knights Group Holdings PLC, down 4.3% at 129.48p, 12-month range 83.80p-445.00p. Liberum double downgrades the legal and professional services firm to 'sell' from 'buy'. It slashes its price target to 100p from 290p. The stock has fallen roughly 70% over the past 12 months. The Liberum recommendation between 'buy' and 'sell' is 'hold'.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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5 Jun 2023 10:17

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(Alliance News) - DeepVerge PLC on Monday announced it will be downsizing a number of its business units, and said that it may need to delay the publication of its annual results.

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TRADING UPDATES: Deepverge reviews funding, proposes Microsaic deal

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TRADING UPDATES: DeepVerge owes Microsaic; J Smart interim profit down

(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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17 Apr 2023 14:23

DeepVerge shares plunge as revenue seen lower than previously thought

(Alliance News) - DeepVerge PLC said on Monday its revenue in 2022 is expected to be around 45% to 50% of the previously provided guidance figure.

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17 Apr 2023 12:12

LONDON MARKET MIDDAY: Stocks green amid takeover activity; pound soft

(Alliance News) - Stock prices in London were higher at midday on Monday as news of possible takeovers of FTSE 250 constituents gave a boost to investor sentiment.

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17 Apr 2023 10:46

AIM WINNERS & LOSERS: DeepVerge plunges on accounting bungle

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

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17 Apr 2023 09:05

LONDON MARKET OPEN: FTSE 250 lifted by M&A activity, Royal Mail deal

(Alliance News) - Stock prices in London opened higher on Monday, with the large-cap FTSE 100 index boosted by commodity stocks and the mid-cap FTSE 250 lifted by prospective dealmaking.

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7 Feb 2023 11:28

DeepVerge appoints former Venture Life Chief Financial Officer as CFO

(Alliance News) - DeepVerge PLC on Tuesday said it appointed Andrew Waters as chief financial officer, replacing Camillus Glover, effective immediately.

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6 Feb 2023 19:15

TRADING UPDATES: DeepVerge wins contract; Cora Gold plans fundraise

(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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9 Jan 2023 20:41

TRADING UPDATES: Mobile Tornado loses CEO; DeepVerge revenue jumps

(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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9 Jan 2023 12:03

DeepVerge rises despite just missing revenue forecasts

(Sharecast News) - DeepVerge said in an update on Monday that its unaudited revenues for 2022 totalled about £17.2m - "slightly below" market expectations.

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23 Nov 2022 09:57

DeepVerge warns on possible redundancies as restructures divisions

(Alliance News) - DeepVerge PLC said on Tuesday it will restructure its environmental and life science divisions to meet the growth in demand and maximise its opportunities.

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7 Nov 2022 15:51

UK shareholder meetings calendar - next 7 days

Tuesday 8 November 
DG Innovate PLCAGM
Frontier Developments PLCAGM
Wednesday 9 November 
Baker Steel Resources Trust LtdEGM
Essentra PLCAGM
Fundsmith Emerging Equities Trust PLCGM re suspension and cancellation of listings
JPMorgan Emerging Markets Investment Trust PLCAGM
Hays PLCAGM
Mid Wynd International Investment Trust PLCAGM
Powerhouse Energy Group PLCAGM
Thursday 10 November 
ACP Energy PLCAGM
Alternative Income REIT PLCAGM
BHP Group LtdAGM
Ferro-Alloy Resources LtdAGM
London Finance & Investment Group PLCAGM
UIL LtdAGM
Friday 11 November 
88 Energy LtdGM re proposed resolutions vote
Abcam PLCGM re approval to leave AIM on 14 December
Galliford Try Holdings PLCAGM
Ingenta PLCGM re capital allocation
Redrow PLCAGM
Monday 14 November 
DeepVerge PLCGM re conditional placing, conditional subscription and broker offer
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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7 Nov 2022 13:58

IN BRIEF: DeepVerge taps head of Modern Water unit amid board changes

DeepVerge PLC - Dublin-based environmental and life science group - Says Executive Director Gerard Brandon resigns, leaves with immediate effect "to devote more time to his other business commitments". The company is progressing with the recruitment of a new CEO and chief financial officer, as well as a further non-independent director. Paul Ryan has been appointed as the general manager of the Modern Water division, reporting directly to Chief Operating Officer Fionan Murray.

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