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Pin to quick picksHelium One Share News (HE1)

Share Price Information for Helium One (HE1)

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Share Price: 0.71
Bid: 0.69
Ask: 0.73
Change: 0.015 (2.16%)
Spread: 0.04 (5.797%)
Open: 0.695
High: 0.74
Low: 0.695
Prev. Close: 0.695
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AIM WINNERS & LOSERS: Strategic Minerals up on February sales

Thu, 07th Mar 2024 10:06

(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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Strategic Minerals PLC, up 26% at 0.28 pence, 12-month range 0.080p-0.34p. The exploration company notes February sales tonnage of 4,898 tons, which represents a six year high for February sales. February was also the highest monthly sales tonnage since March 2021, it notes. Looking ahead, Strategic Minerals says current expectations are for sales of circa 13,000 tons per quarter after March 2024. John Peters, managing director of Strategic Minerals, says: "Cobre's revamped management line up has risen to the challenge and recently sought the addition of a Trackhoe 320 to ensure continuation of higher volume operations in difficult weather conditions. Not only was this sourced locally but the acquisition was wholly financed, with repayments spread in line with future cash flow expectations."

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Nexus Infrastructure PLC, up 12% at 84.25p, 12-month range 70.00p-175.00p. Shares in the provider of civil engineering infrastructure services jump. Nexus Infrastructure says revenue in 2023 to GBP88.7 million from GBP98.4 million a year earlier. Pretax loss widens to GBP8.5 million from GBP909,000. Nexus Infrastructure pays out a dividend of 2.0p, bringing the full year dividend to 3.0p. Looking ahead the company says: "Market sentiment anticipates a recovery in the housebuilding market over the next 18 months. Tamdown's services, capabilities and expertise form the principal element of activities at the start of new developments and will therefore feature early when conditions in the housebuilding sector improve. The board will continue to review a range of future growth options to deliver expansion and diversification opportunities, to take full advantage of the group's capabilities and experience."

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AIM - LOSERS

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Helium One Global Ltd, down 4.5% at 2.01p, 12-month range 0.18p-10.30p. The primary helium explorer posts revenue of USD1.4 million, compared to no revenue a year earlier. Pretax loss narrows to GBP1.1 million from GBP1.9 million. Chair James Smith says: "This has been an incredibly busy and transformational period for the company, especially post the half year-end. The acquisition of our own rig in July 2023 enabled us to commence our second drilling campaign and provides us with significant optionality going forward, whether that be to drill additional wells efficiently and quickly or as a future revenue stream for the company."

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By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
11 Jun 2024 19:09

IN BRIEF: Helium One raises GBP8.0 million in placing, subscription

Helium One Global Ltd - Tanzanian-focused producer of low-carbon helium - Raises GBP8.0 million via placing and subscription at 0.50 pence per share. Explains the placing was conducted through an accelerated bookbuild process undertaken by Liberum Capital Ltd and Zeus Capital Ltd acting as joint bookrunners and Axis Capital Markets acting as placing agent.

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11 Jun 2024 10:45

AIM WINNERS & LOSERS: Oracle rises on drilling at gold project

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

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10 Jun 2024 19:45

IN BRIEF: Helium One Global to raise GBP8.0 million to fund well test

Helium One Global Ltd - Tanzanian-focused producer of low-carbon helium - Plans to raise minimum GBP8.0 million via placing and direct subscription at 0.50 pence per share. The placing will be conducted through an accelerated bookbuild process to be undertaken by Liberum Capital Ltd and Zeus Capital Ltd acting as joint bookrunners and Axis Capital Markets acting as placing agent. The placing will be made to certain existing shareholders and other institutional and high net worth investors. All directors of the company and certain members of management will participate in the subscription up to GBP35,000. Proceeds will be utilised to complete an extended well test on Itumbula West-1 to evaluate commercial flow rates of helium prior to the development phase, as well as providing additional funds for operational contingency.

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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 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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26 Jan 2024 10:39

AIM WINNERS & LOSERS: Primorus rises as Autodesk buys investee

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

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