Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGetech Grp Share News (GTC)

Share Price Information for Getech Grp (GTC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 9.125
Bid: 8.75
Ask: 9.50
Change: 0.00 (0.00%)
Spread: 0.75 (8.571%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 9.125
GTC 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: C4X gets Astra payment; Getech wins eight deals

Wed, 03rd Jan 2024 10:12

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

----------

AIM - WINNERS

----------

C4X Discovery Holdings PLC, up 34% at 11.75 pence, 12-month range 7.63p-22.00p. The drug discovery company focussed on immuno-inflammatory diseases receives a USD11.0 million milestone payment from FTSE 100-listed pharmaceutical firm AstraZeneca PLC, following trials of the C4X respiratory disease therapy treatment. The payment stems from preclinical progress of C4X's NRF2 Activator programme, an oral therapy for the treatment of inflammatory and respiratory diseases which AstraZeneca is developing following a agreement between the two in November. In addition to a USD2.0 million upfront payment, the global licencing agreement for the NRF2 Activator entitles C4X to receive up to USD400.0 million in payments following preclinical, clinical development and commercial milestones. The deal also will grant C4X tiered mid-single digit royalties on future sales of the NRF2.

----------

Getech Group PLC, up 29% at 6.75p, 12-month range 4.10p-17.43p. The geo-energy and green hydrogen company says it has won eight new contracts, worth GBP1.8 million in total. The deals comprise of subscriptions to Getech's Globe platform, geoscience data and the purchase of expert consulting services. It expects to recognise GBP600,000 of revenue from these contracts in its 2023 earnings. Acting Chief Executive Officer Richard Bennett says: "Entering 2024 with our substantially reduced costbase, increased order book and growing [annual recurring revenue] means the business is undoubtedly better placed following a year of transition in 2023. We have also invested in expanding our exploration capabilities, targeting resources associated with the energy transition. The recent Cop28 demonstrated again the world's commitment to phasing down fossil fuels and in 2024 we expect to benefit from this by helping our customers locate the subsurface future facing resources such as critical minerals and geothermal projects that are so vital to the energy transition."

----------

AIM - LOSERS

----------

Mkango Resources Ltd, down 7.3% at 9.50p, 12-month range 8.00p-17.41p. The mineral exploration and development company says that its subsidiary Maginito Ltd will partner with CoTec Holdings Corp to roll out scrap magnetic recycling technology in the US. The partnership will focus on promoting HyProMag Ltd's technology. HyProMag is a rare earth magnet recycling company in which Maginito holds a 100% stake, and is commercialising its technology in the UK, Germany and US. The 50-50 joint venture will initially involve a bankable feasibility study using three hydrogen processing of magnet scrap vessels and a magnet manufacturing hub. Following this, Mkango and CoTec will decide whether to proceed with the construction of the US project. Revenue from the project is targeted for either 2025 or 2026. The pair recently issued a request for proposal process from "leading engineering, procurement and construction management providers", and has ordered three HPMS reactors to expedite the US project.

----------

By Greg Rosenvinge, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
23 Apr 2024 13:03

Getech inks deal with East Star to locate porphyry copper deposits

(Alliance News) - Getech Group PLC on Tuesday said it has struck a deal with East Star Resources PLC to locate porphyry copper deposits in Kazakhstan.

Read more
23 Apr 2024 11:36

Getech wins new contract with East Star

(Sharecast News) - Subsurface resources location company Getech has won a new contract with Kazakhstan-focussed copper exploration business East Star Resources.

Read more
15 Apr 2024 10:38

Getech wins three contracts to locate natural hydrogen for clients

(Alliance News) - Getech Group PLC on Monday said it has scored three separate contract wins related to the exploration of natural hydrogen.

Read more
15 Apr 2024 10:07

Getech secures three separate contract wins

(Sharecast News) - Subsurface resources locator Getech said on Monday that it had secured three separate contract wins related to the exploration of natural hydrogen.

Read more
15 Apr 2024 10:07

Getech secures three separate contract wins

(Sharecast News) - Subsurface resources locator Getech said on Monday that it had secured three separate contract wins related to the exploration of natural hydrogen.

Read more
21 Mar 2024 19:05

EARNINGS AND TRADING: Getech confident; Aukett Swanke makes buy

(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
21 Mar 2024 10:43

AIM WINNERS & LOSERS: Cap-XX surges as settles agreement with Tesla

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

Read more
29 Feb 2024 19:42

EARNINGS AND TRADING: East Star, Getech strike Kazakhstan JV

(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
7 Feb 2024 10:52

Getech shares rise as acting CEO and acting hair both made permanent

(Alliance News) - Getech Group PLC on Wednesday said it has named Acting Chair Michael Covington as permanent chair and acting Chief Executive Officer Richard Bennett as permanent CEO.

Read more
22 Jan 2024 13:50

Getech sells vacant part of head office for £0.65m

(Sharecast News) - Geotechnical specialist Getech announced the partial sale of its head office on Monday, after consolidating its operations during the Covid-19 pandemic.

Read more
22 Jan 2024 12:50

Getech sells part of head office; looks to move to central Leeds

(Alliance News) - Getech Group PLC on Monday said it has sold part of its head office for GBP650,000, despite the property market remaining "challenging".

Read more
3 Jan 2024 11:57

Getech announces eight new contracts worth £1.8m

(Sharecast News) - Getech announced eight new contracts on Wednesday, valued at a cumulative total of £1.8m.

Read more
3 Jan 2024 10:23

Getech shares soar on eight contract wins for Globe and Data Science

(Alliance News) - Getech Group PLC on Wednesday said it has won eight new contracts worth GBP1.8 million in total.

Read more
3 Jan 2024 08:58

LONDON MARKET OPEN: Stocks mixed pre-Fed minutes, amid Asia losses

(Alliance News) - Stock prices in London opened mixed on Wednesday, ahead of US Federal Reserve meeting minutes and manufacturing PMI data for the US in the evening and afternoon respectively.

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.