Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGCM Resources Share News (GCM)

Share Price Information for GCM Resources (GCM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 6.75
Bid: 6.50
Ask: 7.00
Change: 0.00 (0.00%)
Spread: 0.50 (7.692%)
Open: 6.875
High: 6.75
Low: 6.625
Prev. Close: 6.75
GCM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

AIM WINNERS & LOSERS: Aptamer soars on Alzheimer's test success

Wed, 14th Jun 2023 09:50

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

----------

AIM - WINNERS

----------

Aptamer Group PLC, more than doubles to 25.03 pence, 12-month range 8.00p-100.00p. The biotechnology firm reports success in the development of Optimer binders to enable a lateral flow test for the early diagnosis of Alzheimer's disease. "We are pleased to be able to support the team at Neuro-Bio with the development of Optimer binders to enable their revolutionary diagnostic for Alzheimer's disease. Optimer binders have proven performance in lateral flow test formats and our success in delivering functional Optimer binders to Neuro-Bio's biomarker facilitates further diagnostic development," says Interim Chief Executive Rob Quinn. Last month, Arron Tolley left as chief executive with immediate effect, with Quinn - who had been chief financial officer - taking over as interim CEO.

----------

Barkby Group PLC, up 40% to 5.24 pence, 12-month range 3.20p-12.00p. The investment firm says its subsidiary, Cambridge Sleep Sciences, has signed a new partnership and license agreement with Bowers & Wilkins, part of the consumer audio division of medical technology firm Masimo. The agreement enables SleepEngine technology, developed by CSS, to be delivered through Bowers & Wilkins Audio's products. Masimo Consumer Audio will be responsible for marketing and distributing SleepEngine. CSS and Bowers & Wilkins will share the revenue generated from the new service.

----------

AIM - LOSERS

----------

GCM Resources PLC, down 29% at 3.00 pence, 12-month range 2.45p-7.88p. The Bangladesh-focused resource exploration and development company raises GBP500,000 through a placing, and says it will need to carry out an additional fundraise before the end of the year. The firm places 20.0 million shares at 2.5 pence each. This represents a 41% discount to the closing price of 4.25p on Tuesday. GCM says the net proceeds of the placing are for "general working capital purposes." Looking ahead, GCM says it will need to carry out an additional fundraise before the end of 2023 to fund its working capital into 2024.

----------

San Leon Energy PLC, down 30% at 15.69 pence, 12-month range 15.56p-57.78p. The Nigeria-focused oil and gas producer updates on its proposed refinancing and its current financial situation. Says it is continuing discussions relating to an alternative USD50 million loan facility to be used for conditional investments in Energy Link Infrastructure (Malta) Ltd and to support the company's working capital requirements. Notes that the proposed refinancing has not progressed as fast as expected. Adds that though the discussions are at a "very advanced stage" it has not yet been able to access the funding from such an alternative loan facility. Consequently, San Leon has received "very limited" cash inflows. The company currently has approximately USD10.5 million of unpaid creditors, including directors, employees, professional advisers and tax authorities. Reassures that it is confident that following the proposed refinancing being successfully concluded, all creditors will be settled in full shortly afterwards.

----------

By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
16 Apr 2024 13:25

GCM Resources raises GBP2.0 million via direct subscription

(Alliance News) - GCM Resources PLC on Tuesday said that it has raised GBP2.0 million via a subscription of 30.8 million shares at 6.5 pence each.

Read more
2 Apr 2024 12:17

EARNINGS: AdvancedAdvT hails "good progress" after Capita deal

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

Read more
11 Mar 2024 10:12

AIM WINNERS & LOSERS: LoopUp plots AIM exit; Zenova hails marine win

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

Read more
11 Mar 2024 09:41

GCM Resources shares surge on Phulbari coal and power project deal

(Alliance News) - GCM Resources PLC shares jumped on Monday after it said it signed a deal covering mine development works worth around USD1 billion to facilitate coal extraction at the Phulbari coal and power project in Bangladesh.

Read more
28 Feb 2024 20:33

IN BRIEF: GCM identifies target for new non-exec chair

GCM Resources PLC - London-based mining and energy company - Further to the recent resignation of its non-executive chair, GCM says it has identified candidates for a replacement plus a further non-executive director. Plans to conduct due diligence checks, hopes to announce the replacements once these checks are concluded.

Read more
2 Feb 2024 14:35

GCM Resources chair to resign after largest shareholder request

(Alliance News) - GCM Resources PLC on Friday said that Chair Christian Taylor-Wilkinson will resign from his role at the end of the month, after the company's largest shareholder proposed to remove him from the board of directors.

Read more
1 Feb 2024 18:47

TRADING UPDATES: Live Co stalls results; GCM requests suspension lift

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

Read more
29 Jan 2024 18:14

IN BRIEF: GCM Resources pretax loss narrows, expenses decline

GCM Resources PLC - London-based mining and energy company - Reports pretax loss in year to June 30, 2023 of GBP1.3 million, narrowed from GBP1.7 million the year prior. No revenue. Operating expenses fell to GBP728,000 from GBP750,000, pre-development expenditure tumbled to GBP180,000 from GBP414,000. Basic loss per share was 0.7 pence compared to 1.1p the year before. Shares will remain suspended until the settlement and completion of subscription to raise GBP500,000, previously announced on Friday last.

Read more
26 Jan 2024 14:36

IN BRIEF: GCM Resources raises GBP500,000 via direct subscription

GCM Resources PLC - London-based mining and energy company - Raises gross proceeds of GBP500,000 via a direct subscription for shares at 1.65 pence each. The subscription price represents a discount of 38% to the closing price of 2.65p on Thursday. The net proceeds of the fundraise will be used to provide GCM with a source of general working capital to progress its existing projects. Adds that it will need to carry out an additional fundraise before the end of May 2024 to fund its working capital for the next 12 months.

Read more
19 Jan 2024 19:33

IN BRIEF: GCM Resources claims progress on funding and annual results

GCM Resources PLC - Resource exploration and development company focused on the Phulbari coal and power project in north-west Bangladesh - Provides update regarding the publication of audited financial statements for the year ended June 30 2023, and the funding process. As of December 28, GCM was still awaiting receipt of GBP300,000 in drawdown funds of loan facility with Polo Resources Ltd. Reports progress on both financial statements and funding process, looks to resolve both issues before the end of January 2024. Will make a further announcement in due course.

Read more
28 Dec 2023 13:11

IN BRIEF: GCM Resources shares to be suspended following audit delay

GCM Resources PLC - Resource exploration and development company focused on the Phulbari coal and power project in north-west Bangladesh - On Thursday said that its shares will be temporarily suspended from trading on the AIM market due to a delay in the completion of its financial 2023 audit. The suspension will begin on Tuesday next week. The company says it will be unable to publish the completed audit for the year ended June 30 by the end of December as planned, though it expects to be able to do so within the first three weeks of January once it has completed the necessary funding process. The company is still awaiting the receipt of funds from the drawdown of GBP300,000 of its loan facility with Polo Resources Ltd as announced in March 2021. As a result of this delay, GCM is considering alternative funding.

Read more
28 Nov 2023 21:08

TRADING UPDATES: Tintra seeks cancelling shares; GCM extends accord

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

Read more
15 Sep 2023 11:03

GCM non-executive chair steps down due to "personal reasons"

(Alliance News) - GCM Resources PLC on Friday announced the resignation of Non-Executive Chair Mohd Najib Bin Abdul Aziz after four years in the role.

Read more
14 Jun 2023 09:08

GCM Resources shares drop on discounted GBP500,000 placing

(Alliance News) - GCM Resources PLC on Wednesday said it has raised GBP500,000 through a placing, and will need to carry out an additional fundraise before the end of the year.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.