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Pin to quick picksHelium One Share News (HE1)

Share Price Information for Helium One (HE1)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 1.325
Bid: 1.30
Ask: 1.35
Change: -0.053 (-3.85%)
Spread: 0.05 (3.846%)
Open: 1.35
High: 1.35
Low: 1.315
Prev. Close: 1.378
HE1 Live PriceLast checked at -

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AIM WINNERS & LOSERS: Primorus rises as Autodesk buys investee

Fri, 26th Jan 2024 10:39

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

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AIM - WINNERS

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Helium One Global Ltd, up 70% at 0.63 pence, 12-month range 0.18p-10.3p. The primary helium explorer adds to Thursday's gains, after jumping sharply from 0.21p. It said its Itumbula West-1 well in Tanzania has successfully reached a total depth of 961 metres. Elevated helium shows, which were twenty times above background, were consistently measured while drilling the Lake Beds Formation, Red Sandstone Group, Karoo Group and Basement targets.

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Primorus Investments PLC, up 25% at 3.24p, 12-month 2.3p-4.5p. The investor notes that San Francisco-based software multinational Autodesk Inc announces the conditional acquisition of Payapps Ltd, in which Primorus holds around a 2% stake. Payapps is a Melbourne-based construction payment and compliance management solutions provider. The acquisition consideration is not disclosed.

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AIM - LOSERS

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Active Energy Group PLC, down 76% at 0.4p, 12-month range 0.4p-7.50p. The biomass-focused renewable energy company's stock hits a 12-month low following an update on its future production of CoalSwitch fuel reference plant being constructed at Ashland, Maine. The facility has seen a series of delays, and Active Energy has been in discussions with Player Design Inc and its associates, which are building the plant. It warns the discussions have been "unproductive". It says Player Design is no longer willing or able to commit to a future production date for CoalSwitch fuel, or the future production volumes of CoalSwitch fuel. "This recent development is hugely disappointing for Active Energy, who have several potential customers lined up to receive CoalSwitch fuel at the earliest opportunity," it says. It retains ownership of some of the production equipment, valued at USD1.5 million last June, and contributed USD1.1 million towards development. It also prepaid Player Design a further USD300,000. "The board is now seeking the immediate return of these cash balances and has retained legal counsel in the United States to investigate and advise in regard to all of Active Energy's rights and remedies," it says.

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Coral Products PLC, down 25% at 12.38p, 12-month range 11.5p-19.5p. The designer, manufacturer and supplier of plastic products reports a challenging trading period in December and January. Says group orders are down, and now expects revenue to be around 10% below financial 2023's GBP35.2 million. Its earnings before interest, tax, depreciation and amortisation margins will also be hit by the deleveraging effect. Profit in financial 2024 and the following year, though to a lesser extent, will be below management and market expectations. Will undertake a comprehensive review of the business, led by new CEO Lance Burn. "Critically, our customers remain with us and we will use this moment as an opportunity to reset the business with a strong platform for long-term growth," Burn says.

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By Elizabeth Winter, Alliance News deputy news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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10 Apr 2024 14:20

Helium One begins work to obtain mining licence for Tanzanian project

(Alliance News) - Helium One Global Ltd on Wednesday said its Rukwa project had advanced to the next operational phase.

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10 Apr 2024 13:15

Helium One Global reports progress at Rukwa Project

(Sharecast News) - Tanzania-focussed helium explorer Helium One reported progress and updated on strategic initiatives at its Rukwa Project in an update on Wednesday.

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7 Mar 2024 14:31

EARNINGS AND TRADING: Nexus revenue drops; Brooks MacDonald revenue up

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

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7 Mar 2024 11:00

Helium One reports solid first-half progress in Tanzania

(Sharecast News) - Helium One Global described significant milestones in its half-year report on Thursday, including the acquisition of the Epiroc Predator 220 drilling rig, which it said had been successfully mobilised to the Rukwa site.

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7 Mar 2024 10:06

AIM WINNERS & LOSERS: Strategic Minerals up on February sales

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

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7 Feb 2024 13:59

Helium One raises £4.7m to advance planning in Tanzania

(Sharecast News) - Tanzania-focussed helium explorer Helium One Global announced on Wednesday that it has raised £4.7m ($5.92m) through a company-led placing of 313,333,333 new shares at a price of 1.5p each.

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7 Feb 2024 10:01

Helium One Global raises GBP4.7 million for work programme in Tanzania

(Alliance News) - Helium One Global Ltd on Wednesday said it has raised GBP4.7 million, to progress its work programme in Tanzania.

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7 Feb 2024 09:29

AIM WINNERS & LOSERS: Verditek falls on cash shell plans

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

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5 Feb 2024 12:06

LONDON MARKET MIDDAY: FTSE 100 rises as UK service sector impresses

(Alliance News) - Stock prices in London were higher midday Monday, after data showed that the UK services sector kicked off the new year with its most robust performance since May.

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5 Feb 2024 11:41

Helium One shares soar on latest Itumbula West progress

(Sharecast News) - Tanzania-focussed helium explorer Helium One Global announced significant progress in its latest drilling operation, the Itumbula West-1 well, on Monday.

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5 Feb 2024 10:30

AIM WINNERS & LOSERS: Helium One Global jumps on Itumbula West-1 well

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

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25 Jan 2024 16:53

LONDON MARKET CLOSE: Stocks flat as investors mull rate cut prospects

(Alliance News) - London's blue-chips perked up in late trading to eke out marginal gains, after data in the US backed hopes for an early cut in interest rates.

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25 Jan 2024 12:07

LONDON MARKET MIDDAY: Stocks down before expected ECB hold and US data

(Alliance News) - Stock prices in London were down at midday on Thursday, in tepid trade ahead of an expected interest rate hold from the European Central Bank and a US gross domestic product reading.

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25 Jan 2024 11:12

Helium One Global shares jump as total depth reached at Itumbula

(Alliance News) - Helium One Global Ltd on Thursday said its Itumbula West-1 well in Tanzania has successfully reached a total depth of 961 metres.

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