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Pin to quick picksEmpire Metals Share News (EEE)

Share Price Information for Empire Metals (EEE)

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Share Price: 9.85
Bid: 9.70
Ask: 10.00
Change: -0.65 (-6.19%)
Spread: 0.30 (3.093%)
Open: 10.30
High: 10.30
Low: 9.85
Prev. Close: 10.50
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UK TRADING UPDATE SUMMARY: Secure Trust Reports Pick Up In Lending

Thu, 22nd Oct 2020 15:00

(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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Secure Trust Bank PLC - Solihull, West Midlands-based retail bank - Sees pick up in third quarter lending following easing of lockdown restrictions in the UK. Retail Finance new business volumes near pre-Covid levels. Motor Finance products demand has been strong during the third quarter ended September 30. Currently trading significantly ahead of 2020 consensus pretax profit of GBP2.2 million. Well placed to navigate the remainder of the year and beyond.

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FRP Advisory Group PLC - London-based business advisory firm specialising in restructuring - Trading to date for the year ending April 30, 2021, remains in line with expectations, despite a significant reduction in the number of formal insolvency appointments. Sees substantial degree of uncertainty around the shape and scale of economic recovery, combined with additional pressure as the Brexit transitional agreement comes to an end in 2020. Medium-term outlook is positive and the company remains confident of making further progress in financial 2021.

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Alumasc Group PLC - Kettering, Northamptonshire-based building products supplier - Starts new financial year to June 30, 2021, strongly with record profits in the first quarter. Current orderbooks robust in general and include a growing list of export projects won in recent months, which are due to be delivered in financial 2021. Each of the three divisions - Building Envelope, Water Management and Housebuilding Products - contributed to the record first quarter performance. Bank borrowings reduced to below GBP1 million from GBP4.3 million at June 30. Remains very conscious of the uncertainties that accompany the Covid-19 pandemic and Brexit negotiations.

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Crossword Cybersecurity PLC - London-based technology commercialisation company - Gets accepted onto the UK government's G-Cloud framework version 12. This enables public sector organisations to procure Rizikon Assurance and Consulting via the Digital Marketplace run by Crown Commercial Services.

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Town Centre Securities PLC - Leeds-based property investment, development and car park operator - Says GBP18.6 million cumulative rent and service charge payments have fallen due since March 25. Collected GBP15.2 million and agreed to defer a further GBP900,000, totalling GBP16.1 million, equivalent to 87% of the amounts due. Of the 2.5 million balance remaining, company has agreed concessions over GBP900,000 and continues to work towards a fair and equitable conclusion on the balance of GBP1.6 million. Continues to market further retail and leisure sales in line with strategy to reset and reinvigorate the business.

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Gaming Realms PLC - London-based mobile games developer - Launches Slingo Originals content with betting and gaming operator, Paddy Power Betfair, a division within Flutter Entertainment PLC. Slingo portfolio, including Slingo Centurion, Slingo Extreme, Slingo XXXtreme and Slingo Deal or No Deal, will be distributed through the company's aggregation partner, Relax Gaming.

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Water Intelligence PLC - Palm Springs, California-based water leak detection company - American Leak Detection subsidiary secures national contract from an unnamed US-based insurance company. ALD to provide minimally-invasive water leak detection solutions on behalf of the insurance company. New contract represents the fifth nationwide contract for ALD with a top US insurance company.

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Toople PLC - Letchworth Garden City, England-based telecom services provider - Sells a range of new IP cloud based services to a London based bakery, an existing client, in a 36 month extension to the existing agreement, significantly increasing the value of the contract. Pact includes provision of telecom services to all locations of the client, including broadband, telephony and mobile Wi-Fi, plus high speed broadband and Wi-Fi services to the bakery's headquarters and distribution offices. Will replace standard broadband with superfast fibre-optic broadband in each location, where available.

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Pembridge Resources PLC - Canada-focused mining company - Minto mine in Yukon, Canada, produced 5,707 wet metric tonnes of copper concentrate during the third quarter of 2020, down from 6,820 tonnes in the second quarter. Lower volumes due to the processing of lower grade ore in the third quarter. Expects copper grade to return to previous levels as the development of Copper Keel moves beyond the periphery of the ore body and into solely production ore.

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Kore Potash PLC - owner of Sintoukola potash project in the Republic of Congo - Starts drilling programme on Dougou Extension project consisting of the drilling and analysis of up to five new diamond drill holes. First phase of the DX project's definitive feasibility study is planned for completion in May 2021.

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Empire Metals Ltd - Australia-focused mineral exploration company - Commences 2,300 meter reverse circulation drilling at the Eclipse gold project in Western Australia. Subject to drilling results, a subsequent phase of drilling will be designed to further infill the resources around the Eclipse shaft.

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Alien Metals Ltd - Australia and Mexico focused minerals explorer - Executes earn-in agreement with Capstone Mining Corp over its Donovan 2 copper-gold project in Mexico. Under the agreement, Capstone has the ability to acquire up to an 80% interest in Donovan 2 by sole funding the project up to completion of a prefeasibility study. Initially, Capstone can earn 65% interest in Donovan 2 through a combination of USD290,000 cash payments to Alien Metal and committed exploration expenditure USD3.6 million over three years. Capstone can increase their interest to 75% from 65% by making a further cash payment of USD200,000 and funding the costs associated with a preliminary economic assessment.

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GYG PLC - London-based superyacht painting, supply and maintenance company - Wins major refit contract for a 115 plus metre yacht in Germany with works scheduled to commence in final quarter of 2020 and complete in first half of 2021. Contract includes a number of Refit services including bespoke scaffolding, hardware removal, caulking and complete repainting.

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Air Partner PLC - Gatwick, West Sussex-based aviation services group - Security solutions unit Redline wins new three-year contract with Guernsey airport to carry out cabin baggage screening X-ray threat image recognition training among a number of its staff. Redline currently seeing a good level of demand for its Covid-19 secure threat image recognition training system, which has been designed to finetune X-ray image screeners' ability to detect even the smallest components of viable threats.

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IXICO PLC - London-based data analytics company - Secures new contracts in Huntington's disease clinical trials. New contracts include retrospective analysis of data sets for three natural history studies in Huntington's disease with a new large pharma customer and a multicentre, open-label phase II study in Huntington's disease with an existing large pharma customer. Contracts do not have significant impact on management's expectations of performance for the year ended September 30, but contribute to the company's strong order book.

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EKF Diagnostics Holdings PLC - Cardiff-based point-of-care diagnostics business - Receives initial orders for PrimeStore MTM Covid-19 sample collection devices from two new customers, the Health Service Executive of Ireland and a national health body in England. Orders will be fulfilled from EKF's production facilities in Penarth, south Wales, and Barleben, Germany. Orders will contribute to the expected strong performance for the fourth quarter of 2020.

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By Tapan Panchal; tapanpanchal@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
24 Jun 2022 09:12

IN BRIEF: Empire Metals posts wider loss in 2021 as admin expenses up

Empire Metals Ltd - London-based minerals exploration and development in Australia - Reports wider loss in 2021 as administrative costs surge. Pretax loss worsens to GBP2.3 million from GBP953,769 in 2020. Administrative expenses increase to GBP1.9 million from GBP958,694. Part of administrative costs are fees of GBP438,059 paid in shares in 2021, compared to nothing in 2020, plus a share option expense of GBP473,336 in 2021, compared to GBP14,118 in 2020.

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22 Jun 2022 14:41

IN BRIEF: Empire Metals starts drilling at Eclipse-Gindalbie project

Empire Metals Ltd - minerals exploration and development in Australia - Starts reverse circulation drilling at the Eclipse-Gindalbie gold project in Western Australia. The campaign consists of over 3,290 metres of drilling across 26 drill holes to target high grade mineralisation.

Read more
22 Jun 2022 13:14

Empire Metals starts new drilling at Eclipse-Gindalbie

(Sharecast News) - Empire Metals announced the start of its next campaign of reverse circulation (RC) drilling at the combined Eclipse-Gindalbie gold project in Western Australia on Wednesday.

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20 Jun 2022 13:26

Empire Metals starts exploration at Pitfield copper-gold project

(Sharecast News) - Empire Metals announced the start of exploration activities at the 615 square kilometre Pitfield copper-gold project on Monday, located in Western Australia.

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20 Jun 2022 11:03

IN BRIEF: Empire Metals commences exploration at Pitfield project

Empire Metals Ltd - minerals exploration and development in Australia - Commences exploration activities at the Pitfield copper-gold project in Western Australia, starting with an airborne electromagnetic survey and an airborne magnetic across the Pitfield tenement area.

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6 Jun 2022 12:10

TRADING UPDATES: Nanoco ups outlook; Seeing Machines wins deal

(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 May 2022 13:44

Empire reports drilling results from Eclipse Gold Project

(Sharecast News) - Empire Metals announced the assay results of the diamond drill programme at the Eclipse Gold Project in Western Australia on Monday.

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16 May 2022 12:05

Empire Metals says drilling confirms gold mineralisation at Eclipse

(Alliance News) - Empire Metals Ltd on Monday said recent drilling at the Eclipse gold project, Western Australia, has confirmed gold mineralisation.

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28 Apr 2022 11:36

IN BRIEF: Empire Metals raises GBP1.7 million to accelerate drilling

Empire Metals Ltd - minerals exploration and development in Australia - Places new shares to move faster on drilling. Raises GBP1.7 million through placing 85.0 million new shares at 2 pence each. The net proceeds will be used to accelerate drill programmes at the Eclipse and Gindalbie gold projects in Western Australia, scheduled for the third and fourth quarter. "Empire is now fully funded for the expanded drilling campaigns targeting the high-grade discoveries at Eclipse and Gindalbie and for further regional exploration activities across the recently acquired copper-gold projects at Pitfield, Stavely and Walton," Empire says.

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6 Apr 2022 11:15

Empire Metals acquires 70% stake in three Australian projects

(Alliance News) - Empire Metals Ltd on Wednesday purchased a 70% stake in three "highly prospective" Australian-based copper-gold projects from Century Minerals Pty Ltd.

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30 Mar 2022 16:06

LONDON MARKET CLOSE: FTSE 100 keeps head above water on oil strength

(Alliance News) - The FTSE 100 was able to outperform European peers on Wednesday - a reversal from Tuesday - as the commodity-heavy index was getting a lift from oil companies and miners.

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30 Mar 2022 13:14

Empire Metals surges on recent drilling results

(Sharecast News) - Empire Metals updated the market on the reverse circulation drilling programme recently completed at the Gindalbie Gold Project in Western Australia on Wednesday, over which it holds a tribute agreement granting exploration, development and mining rights.

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30 Mar 2022 10:06

AIM WINNERS & LOSERS: Belluscura in China pact; Team17 warns on costs

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

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30 Mar 2022 09:56

IN BRIEF: Empire Metals rises on high-grade intercepts at Gindalbie

Empire Metals Ltd - London-based exploration and development company focused on Australia - Completes reverse circulation drilling at its Gindalbie Gold project, Western Australia. Empire Metals holds the exploration, development and mining rights for the project. Company says four roles drilled the Homeward Bound target returned three "very high-grade" intercepts. Intercepts at the target include: 5 metres at 8.99 grams per tonne of gold from 31 metres downhole, 3 metres at 8.96 grams per tonne of gold from 98 metres downhole and 3 metres at 9.88 grams per tonne of gold from 46 metres downhole.

Read more
17 Mar 2022 20:35

IN BRIEF: Empire Metals hails recent drilling at Eclipse asset

Empire Metals Ltd - Gold and copper miner with assets in Australia, Georgia and Austria - Drilling at Eclipse gold project spots gold mineralisation found to extend over strike length of more than 200 metres. "Seven RC holes for a total of 960m have been completed so far, focused mainly on demonstrating that the gold mineralisation persists at depth around the Eclipse shaft and Jack's Dream shaft, and to test for continuity along strike to the south-east," Eclipse says.

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