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Pin to quick picksE-therapeutics Share News (ETX)

Share Price Information for E-therapeutics (ETX)

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Share Price: 9.00
Bid: 9.30
Ask: 10.40
Change: -0.65 (-6.74%)
Spread: 1.10 (11.828%)
Open: 9.50
High: 9.50
Low: 9.00
Prev. Close: 9.65
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AIM WINNERS & LOSERS: PHSC plans share buyback as earnings rise

Thu, 13th May 2021 10:29

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

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AIM - WINNERS

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PHSC PLC, up 21% at 17.00 pence, 12-month range 7p-19.9p. Hits this 12-month high earlier on Thursday. The health & safety consulting firm expects revenue of GBP3.3 million for year to March 31, down from GBP4.4 million the year before, but underlying earnings before interest, taxes, depreciation and amortisation expected to rise to GBP520,000 from GBP255,000. Starts share buyback programme worth GBP325,000. "The company's board of directors has decided to effect the buyback programme, in part, due to the additional cash generated and held further to the successful disposal of the company's Essex property in late September 2018 for GBP305,000 gross and in light of the fact that PHSC's closing middle market share price as at May 12, being the latest practicable date prior to this announcement, of 14p represents a significant discount to its net asset value per share," it says.

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Goldstone Resources Ltd, up 19% at 13.80p, 12-month range 2.5p-15.49p. Says mining and ore stacking at the Homase Mine within Akrokeri-Homase gold project, Ghana, has commenced with the first mined ore having been successfully stacked onto the heap leach pad. "This is a pivotal step in the evolution of the company as we start production of the Homase Mine. Commencement of operations will lead to an ongoing revenue stream and will also establish a base for unlocking value in our AKHM project," says Chief Executive Emma Priestley.

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AIM - LOSERS

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Best of the Best PLC, down 14% at 2,665p, 12-month range 556.92p-3,570p. Says revenue and pretax profit for financial year ended April 30 to be in line with market expectations, which were raised in March. Even with Thursday's decline, shares still up 86% since start of 2021 and have grown more than four-fold over past 52 weeks.

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e-Therapeutics PLC, down 11% at 25.53p, 12-month range 1.01p-33p. The drug discovery company reports pretax loss of GBP4.5 million for year to January 31, widening from GBP2.9 million the year before. Widened loss largely due to administrative costs rising to GBP2.1 million from GBP1.2 million, with a management restructure in February 2020 resulting in one-off redundancy costs of GBP400,000. "Although we are not expecting the same level of one-off expenditure, we are expecting the underlying cost base to increase as the business continues to grow," company says.

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Online Blockchain PLC, down 10% at 41.43p, 12-month range 11p-127.5p. The blockchain research and development company falls after Tesla hit the brakes on letting people pay for electric cars with bitcoin, saying the computing-intense mining process of creating new cryptocurrency spews climate-harming emissions. "We are concerned about rapidly increasing use of fossil fuels for bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel," Tesla Chief Executive Elon Musk says in a tweet. "Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this can not come at great cost to the environment." The cryptocurrency initially tumbled after Musk's tweet, before recovering slightly to around USD50,773 early Thursday, according to cryptocurrency news outlet Coindesk. Main Market-listed cryptocurrency mining firm Argo Blockchain falls 11%.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
8 May 2014 10:51

e-Therapeutics Trading Up As Brain Cancer Trial To Resume Recruitment

LONDON (Alliance News) - Shares in e-Therapeutics PLC were trading higher Thursday after it said that it had been cleared by the US Food and Drug administration to resume recruiting patients for its Phase Ia study of compound ETS2101 in brain cancer. The company had previously paused recrui

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7 Apr 2014 12:25

UPDATE: e-Therapeutics Appoints Steve Medlicott Chief Financial Officer

LONDON (Alliance News) - e-Therapeutics PLC Monday said that it had appointed Steve Medlicott as Chief Financial Officer, following the resignation of Daniel Elger with immediate effect, also announced Monday. Medlicott had advised the company on its GBP40 million fund-raising in 2013. Medl

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7 Apr 2014 10:57

e-Therapeutics's Chief Financial Officer Daniel Elger Resigns

LONDON (Alliance News) - e-Therapeutics PLC Monday said that Daniel Elger has resigned as Chief Financial officer and a director of the company, with immediate effect. e-Therapeutics said that the company's finances will be managed on an interim basis by Paul Stockdale, who has been the com

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31 Mar 2014 12:50

REPEAT: UK MIDDAY BRIEFING: Babcock JV Wins GBP7 Billion Nuclear Contract

LONDON (Alliance News) - Babcock International Group is leading the FTSE 100 higher Monday after its Cavendish Fluor Partnership joint venture was selected as the preferred bidder for a GBP7 billion nuclear plant decommissioning contract.

The joint venture with Fluo

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31 Mar 2014 12:45

UK MIDDAY BRIEFING: Babcock JV Wins GBP7 Billion Nuclear Contract

LONDON (Alliance News) - Babcock International Group is leading the FTSE 100 higher Monday after its Cavendish Fluor Partnership joint venture was selected as the preferred bidder for a GBP7 billion nuclear plant decommissioning contract.

The joint venture with Flou

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31 Mar 2014 10:35

UK WINNERS & LOSERS: Babcock Leads FTSE 100 Risers; Insurers Rebound

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Monday.

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FTSE 100 - WINNERS

Babcock International Group, up 3.5%. The company said its Cavendish Fluor Partnership has

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31 Mar 2014 08:33

e-Therapeutics Rises As It Gets Good Interim Drug Trial Results

LONDON (Alliance News) - e-Therapeutics PLC Monday said it had achieved positive interim results from a UK study evaluating the safety, dosing and anti-tumour activity of its ETS2101 drug in patients with advanced solid cancer tumours. In a statement, the company said that it had completed

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26 Mar 2014 13:40

UK MIDDAY BRIEFING: Government Completes 2nd Lloyds Bank Stake Sale

LONDON (Alliance News) - The UK government has raised a further GBP4.20 billion from its second sale of Lloyds Banking Group PLC shares, meaning it has now recouped GBP7.41 billion of the roughly GBP21 million that taxpayers injected into the bank during the financial crisis.<

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26 Mar 2014 11:30

UK WINNERS & LOSERS: Standard Life Leads FTSE 100 Risers

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.

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FTSE 100 - WINNERS

Standard Life, up 5.2%. The company has agreed to buy Ignis Asset Mana

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26 Mar 2014 11:03

e-Therapeutics Gains As Recruitment For Cancer Trial Resumes

LONDON (Alliance News) - Shares in e-Therapeutics PLC jumped Wednesday morning after the biotechnology company said it has received approval from MHRA to recommence recruitment of new patients into its ETS2101 phase Ia solid tumours trial. Recruitment for the trial was temporarily paused ov

Read more
24 Jan 2014 12:41

UK MIDDAY BRIEFING: Bank Of England Now Focused On Productivity

LONDON (Alliance News) - Bank of England Governor Mark Carney Friday signaled that rising productivity will now be the key factor that decides when the central bank will start to tighten monetary policy, and any tightening will be a slow, gradual process.

In a speech at the World Ec

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24 Jan 2014 11:01

e-Therapeutics Temporarily Halts Recruitment In Trial Due To Drug Supply Issue

LONDON (Alliance News) - Shares in e-Therapeutics PLC dropped 16% Friday morning after it said that it was temporarily halting recruitment into its ETS2101 cancer trials due to a drug supply issue. e-Therapeutics said that there had been a practical issue with the stored drugs for the trial

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24 Jan 2014 10:58

UK WINNERS & LOSERS: Cairn Falls As Indian Tax Department Gets In Touch

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday. ------- FTSE 100 - WINNERS Weir Group, up 0.2%. The engineering company said it had won a USD98 million, or GBP59 million, two-year contract to provide

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7 Jan 2014 08:22

AIM IN BRIEF: H&T Says Profit As Expected, But Gold Price Has Hurt

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31 Oct 2013 13:36

e-Therapeutics Starts Phase IIb Trial Of Depressive Disorder Treatment

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