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Pin to quick picksHorizonte Minerals Share News (HZM)

Share Price Information for Horizonte Minerals (HZM)

London Stock Exchange
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Share Price: 0.325
Bid: 0.30
Ask: 0.35
Change: 0.025 (8.33%)
Spread: 0.05 (16.667%)
Open: 0.30
High: 0.325
Low: 0.30
Prev. Close: 0.30
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AIM WINNERS & LOSERS: Uranium rally boosts Aura; Gamma downgraded

Mon, 13th Sep 2021 10:27

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

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AIM - WINNERS

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Aura Energy Ltd, up 46% at 22.06 pence, 12-month range 3.19p-22.70p. Aura Energy shares continue to surge, hitting a new 12-month high. The stock is up over three-fold so far in September as uranium prices jump. Bloomberg reported last week Wednesday that uranium prices surged to the highest level since 2014. Investment firm Sprott Inc, which has recently launched uranium investment fund, has bought large stocks of the commodity, according to Bloomberg. Minerals company Aura is focused on the Tiris uranium project in Mauritania. Almost five years to the day, Aura shares hit 39p each, its record high. Jersey-based investor in uranium Yellow Cake PLC was 16% higher at 357.00p. Its stock hit a 52-week high of 364.00p earlier on Monday.

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Image Scan Holdings PLC, up 33% at 3.20 pence, 12-month range 1.90p-4.54p. The Leicestershire, England-based X-ray imaging systems provider expects profit close to breakeven levels in the year ending September 30, helped by two new orders, one in the UK and another in the US. A UK police force has selected Image Scan to provide four ThreatScan-LSC portable X-ray systems. A US police department bomb squad has ordered two of the ThreatScan systems. Image Scan now expects annual sales of GBP2.9 million and a "trading profit performance close to breakeven".

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Horizonte Minerals PLC, up 10% at 8.81 pence, 12-month range 5.20p-10.19p. The Brazil-focused nickel company says two export credit agencies, one in Finland and another in Denmark, have approved its USD146.2 million project finance facility for its Araguaia asset. "The ECA approvals are a key step forward in the project financing process, and Horizonte is now nearing completion of the credit approvals by the senior lenders for the balance of the project financing of Araguaia," the company adds.

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AIM - LOSERS

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Gamma Communications PLC, down 6.9% at 1,928.00p, 12-month range 1,425.00p-2,350.00p. Jefferies cuts the London-based cloud services provider to Hold from Buy.

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ITM Power PLC, down 8.8% at 426.97p, 12-month range 220.50p-724.00p. The Sheffield, England-based polymer electrolyte membrane electrolyzers reports a narrowed pretax loss for the financial year that ended on April 30. ITM's pretax loss amounts to GBP27.6 million, trimmed from GBP29.5 million the year prior. Revenue, meanwhile, rose to GBP4.3 million from GBP3.3 million year-on-year. However, including grant funding, revenue is 6% lower at GBP5.1 million from GBP5.4 million.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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TRADING UPDATES: Zephyr, TransGlobe sales up; DeepMatter wins deal

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

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11 May 2022 12:51

Horizonte awards earthworks contract for Araguaia ferronickel project

(Sharecast News) - Brazil-focussed nickel development company Horizonte Minerals has awarded the earthworks contract for the construction of its wholly-owned Araguaia ferronickel project to Copa Construção, it announced on Wednesday.

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31 Mar 2022 13:11

IN BRIEF: Horizonte Minerals completes convertible notes issuance

Horizonte Minerals PLC - nickel company focused on Brazil - Completes iUSD65 million convertible notes issuance and the sale of royalty in its Vermelho project for USD25 million upfront. Confirms it has received all subscription amounts for the convertible notes, as well as the purchase price for the Vermelho royalty. Says that it has now received or completed the relevant funding for all aspects of funding package.

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28 Mar 2022 13:32

IN BRIEF: Horizonte Minerals posts wider annual loss on higher costs

Horizonte Minerals PLC - nickel company focused on Brazil - Reports a pretax loss of GBP9.7 million for 2021, widened from GBP2.4 million in 2020. Administrative expenses rise 97% to GBP5.7 million from GBP2.9 million. Further, the company incurs a net finance cost of GBP4.0 million versus a GBP236,986 income in 2020. Records no revenue as it is still in its development phase. Says its Araguaia nickel project is scheduled to start ramp up in early 2024.

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22 Mar 2022 21:00

TRADING UPDATES: Marlowe makes acquisition; Kavango backs out of deal

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

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18 Mar 2022 20:38

TRADING UPDATES: Angle US lab boost; Corcel to capitalise on nickel

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

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25 Feb 2022 20:12

TRADING UPDATES: Tintra faces sale delay; Seplat makes acquisition

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

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29 Dec 2021 12:07

IN BRIEF: Horizonte Minerals sign loan documentation for debt facility

IN BRIEF: Horizonte Minerals sign loan documentation for debt facility

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20 Dec 2021 20:29

TRADING UPDATES: Saietta sales surge; Geiger Counter assets rise

TRADING UPDATES: Saietta sales surge; Geiger Counter assets rise

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10 Dec 2021 21:48

TRADING UPDATES: Robinson warns on sales volumes; Wandisco wins deal

TRADING UPDATES: Robinson warns on sales volumes; Wandisco wins deal

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24 Nov 2021 18:03

IN BRIEF: Horizonte Minerals raises GBP147 million in fundraise

IN BRIEF: Horizonte Minerals raises GBP147 million in fundraise

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23 Nov 2021 19:20

IN BRIEF: Horizonte Minerals plans USD633 million funding package

IN BRIEF: Horizonte Minerals plans USD633 million funding package

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12 Nov 2021 20:27

IN BRIEF: Horizonte Minerals loss for third quarter widens

IN BRIEF: Horizonte Minerals loss for third quarter widens

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12 Nov 2021 12:43

Horizonte Minerals reports progress in September quarter

(Sharecast News) - Nickel development company Horizonte Minerals updated the market on its operations in the September quarter on Friday, having received credit approval from a syndicate of international financial institutions and two export credit agencies for a senior secured project finance facility of up to $346.2m to fund the construction and development of Araguaia.

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1 Oct 2021 17:06

IN BRIEF: Horizonte Minerals gains credit approval for facility

IN BRIEF: Horizonte Minerals gains credit approval for facility

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