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Pin to quick picksEuropa Metals Share News (EUZ)

Share Price Information for Europa Metals (EUZ)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 1.15
Bid: 1.10
Ask: 1.20
Change: 0.00 (0.00%)
Spread: 0.10 (9.091%)
Open: 1.15
High: 1.15
Low: 1.15
Prev. Close: 1.15
EUZ Live PriceLast checked at -

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AIM WINNERS & LOSERS: Mission Group shares plunge on profit warning

Mon, 23rd Oct 2023 10:32

(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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Europa Metals Ltd, up 16% at 2.14 pence, 12-month range 1.80p-4.42p. Shares in the Europe-focused lead-zinc and silver developer rise as it says its application for a mining licence at its wholly-owned Toral lead, zinc and silver project in Spain has been completed. The application forms part of the 2023 exploration campaign agreed with Denarius Metals Corp in November last year, Europa Metals said. The company says all necessary documentation covering the exploitation, restoration and environmental impact study was submitted. It envisages a life of mine of 15 years for the Toral project, mining on average 700,000 tonnes of ore per year from underground.

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Northern Bear PLC, up 29% at 57.30p, 12-month range 35.30p-64.00p. The company says it plans to return GBP3.1 million through a tender offer of up to 5.0 million shares priced at 62p each. The shares represent about 27% of the current share capital of the company. The share price represents a 39% premium to the closing price of 44.5p on Friday. It says the tender offer is expected to be accretive to earnings per share from completion and for the financial year commencing April 1, 2024 onwards. Also says the offer will enhance its capital structure.

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AIM - LOSERS

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Mission Group PLC, down 56% at 14.90p, 12-month range 11.00p-59.00p. Shares in the company plunge as it warns that 2023 profit will be less than half of market expectations and cancels its previously declared interim dividend. Mission says that, since its interim results announcement in late September, "trading has become rapidly more challenging than previously anticipated". Mission says headline pretax profit will be no more than GBP3.1 million, compared to market expectations of GBP7.9 million. The expected outcome includes GBP1.2 million in costs relating to a business that is expected to be classified as discontinued at the end of the year, it notes. Earnings before interest, tax, depreciation and amortisation is expected to be no more than GBP9.0 million. Headline operating profit in 2022 was GBP8.7 million. Revenue growth in 2023 is expected to be 8% to 9% from 2022's GBP79.8 million, including the impact of acquisitions.

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By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Europa Metals Raises Proceeds For Phase Two Work At Toral Project (ALLISS)

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