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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: -0.027 (-2.00%)
Spread: 0.05 (3.846%)
Open: 1.325
High: 1.325
Low: 1.275
Prev. Close: 1.352
HE1 Live PriceLast checked at -

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AIM WINNERS & LOSERS: Verditek falls on cash shell plans

Wed, 07th Feb 2024 09:29

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

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AIM - WINNERS

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Redx Pharma PLC, up 35% at 27.00 pence, 12-month range 19.00p-60.00p. The clinical-stage biotechnology company signs an agreement to sell Kirsten rat sarcoma virus inhibitor program to Jazz Pharmaceuticals PLC. Redx says it will receive USD10 million upfront, with a potential for up to USD870 million in development, regulatory and sales milestone payments in addition to royalties on future net sales. Jazz and Redx will collaborate to advance candidates through IND-enabling studies; Jazz will be responsible for all clinical development, regulatory, manufacturing and commercialization activities.

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AIM - LOSERS

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Verditek PLC, down 19% at 0.12p, 12-month range 0.080p-1.90p. The producer of lightweight solar panels agrees terms to sell its solar business to a new company, which will be established by the holders of Verditek's secured convertible loan notes for GBP528,340 in notes and GBP50,000 in cash. Upon disposal, Verditek will be regarded as an AIM rule 15 cash shell. Verditek will therefore need to, within six months, make an acquisition or acquisitions which constitute a reverse takeover. It said that it is currently in discussions with "a group of individuals", who it is proposed would come in as a new management team with a view to completing a fundraise of about GBP300,000. The aim would be to conduct a reverse takeover within 6 months of completion of the disposal. "There is no guarantee that this proposal will proceed as it still at an exploratory stage and the company will update the market with more information as soon as it is available," Veritek adds.

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Helium One Global Ltd, down 16% at 1.81p, 12-month range 0.19p-10.30p. The primary helium explorer raises GBP4.7 million through a placing of 313.3 million new shares priced at 1.5p each. The placing price represents a 30% discount to the closing price of 2.16p on Tuesday. The proceeds will provide the company with "sufficient" working capital to progress its planning for the next stage of the work programme in Tanzania. Chief Executive Lorna Blaisse says: "The results that we have achieved from the Itumbula West-1 well, flowing helium to surface in such significant concentrations, has confirmed a globally unique helium producing province. By moving quickly and finalising this company led placing early on, we have been able to strengthen our working capital position, which will enable us to fully focus on the next phase of the company's growth."

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By Sophie Rose, Alliance News reporter

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 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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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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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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AIM WINNERS & LOSERS: Primorus rises as Autodesk buys investee

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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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