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Pin to quick picksHelium One Share News (HE1)

Share Price Information for Helium One (HE1)

London Stock Exchange
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Share Price: 1.35
Bid: 1.33
Ask: 1.37
Change: 0.026 (1.96%)
Spread: 0.04 (3.008%)
Open: 1.314
High: 1.40
Low: 1.314
Prev. Close: 1.324
HE1 Live PriceLast checked at -

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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
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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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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25 Jan 2024 10:30

AIM WINNERS & LOSERS: Helium One drilling finds elevated helium shows

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

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25 Jan 2024 08:47

LONDON MARKET OPEN: Stocks drift lower before ECB decision

(Alliance News) - Stock prices in London opened lower on Thursday, amidst uncertainty ahead of the European Central Bank rate call.

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25 Jan 2024 07:41

LONDON BRIEFING: Haleon sells ChapStick; RS reports market weakness

(Alliance News) - Stocks in London are called slightly lower on Thursday, ahead of a central bank decision in the eurozone, and US economic growth data.

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8 Jan 2024 11:31

IN BRIEF: Helium One begins drilling at Itumbula

Helium One Global Ltd - Tanzania-focused helium explorer - Says drilling commenced on Saturday at the Itumbula West-1 well. In December, Helium One managed to raise GBP6.1 million from a placing and subscription of 2.42 billion new shares at 0.25 pence each to support drilling at Itumbula. The company says that drilling will target two fault zones which are thought to contain elevated concentrations of helium following a data-gathering project at the Tai-3 well in December. Drilling will also involve an "open hole well test" to measure gas shows using Geolog's mud logging services. Once these have been evaluated, Helium One may take further, downhole samples. The company expects the process from initial spud to the completion of mud logging and well testing to take around four to five weeks. A field pressure-volume-temperature specialist will be on site to measure helium gas samples, and Baker Hughes Co will provide service for wireline, fluids and cementing.

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21 Dec 2023 11:07

Helium One raises GBP6 million in equity for Itumbula West-A drilling

(Alliance News) - Helium One Global Ltd on Thursday said it has raised GBP6.1 million from a placing and subscription of new shares, with the funds to be used for the drilling of the Itumbula West-A well.

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21 Dec 2023 10:26

AIM WINNERS & LOSERS: tinyBuild to receive Atari investment

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

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20 Dec 2023 21:34

Helium One Global proposes GBP5.8 million raise to fund Tanzania well

(Alliance News) - Helium One Global Ltd on Wednesday proposed a placing and subscription of new shares to raise a minimum of GBP5.8 million to fund a second exploration well in the Rukwa basin in Tanzania

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14 Dec 2023 21:20

EARNINGS AND TRADING: Helium One says drilling rig arrives on site

(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:

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7 Dec 2023 14:31

UK shareholder meetings calendar - next 7 days

Friday 8 December 
Amedeo Air Four Plus LtdAGM
Ashoka India Equity Investment Trust PLCAGM
Associated British Engineering PLCAGM
Associated British Foods PLCAGM
Corcel PLCGM re disposal of 41% interest in the Mambare nickel/cobalt project
Hargreaves Lansdown PLCAGM
URA Holdings PLCGM re closing the fundraise
Monday 11 December 
IamFire PLCAGM with vote on name change to WeCap PLC
Pharma C Investments PLCGM re allowing investments in fintech, AI sectors
SigmaRoc PLCGM re reverse takeover
Tribal Group PLCGM re cash offer by Tiger Bidco 1 Ltd
Vela Technologies PLCAGM
Tuesday 12 December 
Atalaya Mining PLCEGM re redomiciliation to Spain from Cyprus
Blackrock Greater Europe Investment Trust PLCAGM
Distil PLCGM re placing and subscription
Gelion PLCAGM
Wednesday 13 December 
Dechra Pharmaceuticals PLCAGM
Limitless Earth PLCAGM
Softcat PLCAGM
Volution Group PLCAGM
Thursday 14 December 
Aeorema Communications PLCAGM
CleanTech Lithium PLCGM re equity raise approval
Driver Group PLCFull Year Results
eEnergy Group PLCAGM
Ethernity Networks LtdGM re authority to allot shares on non-preemptive basis
Fintech Asia LtdAGM
Helium One Global LtdAGM
Marwyn Value Investors LtdAGM
Quarto Group IncGM re cancelling trading on London's Main Market
Sareum Holdings PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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