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Share Price: 20.75

Bid: 20.00

Ask: 21.50

Change: 0.25 (1.22%)

Spread: 1.50 (7.50%)

Open: 20.50

High: 20.75

Low: 20.50

Prev. Close: 20.50

Last checked at -

IN BRIEF: Iofina Says Performance Solid Despite Virus Disruption

Wed, 22nd Jul 2020 12:22

Iofina PLC - iodine producer - Produces 284.4 metric tonnes of crystalline iodine in the six months to June 30, down from 286.7 metric tonnes a year ago. Plant 8 was briefly open in April for a few weeks, shut down in May, and reopened again in late June. Company is still optimising the new plant but expects the plant to run throughout the second half of 2020 and beyond. Total crystalline iodine production for second half to range between 340 metric tonnes and 360 metric tonnes. Continues to progress a debt refinancing package with a new lender. To apply for loan forgiveness for Payroll Protection Program loans totalling USD1.1 million. Expects all of the PPP loans to be forgiven in second half of 2020.

Current stock price: 13.60 pence

Year-to-date change: down 51%

By Tapan Panchal; tapanpanchal@alliancenews.com

More News

28 Apr 2014 07:35

UK MORNING BRIEFING: AstraZeneca Leads Gainers On Pfizer Interest

LONDON (Alliance News) - AstraZeneca is once again leading UK blue chips higher Monday, after US drugs giant Pfizer Inc confirmed that it has now twice approached its British peer with a takeover proposal, most recently on Saturday. Pfizer said it is still considering its opti

25 Apr 2014 11:35

CORRECT: UK MIDDAY BRIEFING: Pearson Shares Higher On "Solid Start"

(An item published at 1224 BST misstated the direction of the markets. The correct version follows) LONDON (Alliance News) - Pearson leads the FTSE 100 as we head into afternoon trading Friday after the company maintained its full-year adjusted earnings per share guidanc

25 Apr 2014 11:24

UK MIDDAY BRIEFING: Pearson's "Solid Start" Drives Shares Higher

LONDON (Alliance News) - Pearson leads the FTSE 100 as we head into afternoon trading Friday after the company maintained its full-year adjusted earnings per share guidance for 2014, as it said it had seen a "solid start to the year" in a statement ahead of its annual general

25 Apr 2014 10:47

UK WINNERS & LOSERS: Pearson, William Hill Lead Blue-Chip Gainers

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday.
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FTSE 100 - WINNERS
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Pearson, up 3.8%. The publisher has maintained its full-year adjusted earnings

25 Apr 2014 10:05

Iofina Pretax Loss Widens in 2013, First Quarter Revenues Exceed Target

LONDON (Alliance News) - Iofina PLC Friday said its pretax loss widened in 2013 due to higher expenses but noted that production has seen a vast increase in its first quarter 2014 helping the company to exceed its revenue targets for the three months. The iodine exploration and production c

25 Apr 2014 07:29

UK MORNING BRIEFING: William Hill Leads Weak FTSE 100

LONDON (Alliance News) - UK shares have opened lower Friday on heightened concerns about the standoff in Ukraine.

William Hill said it will close 109 gaming shops in response to the UK government's hike to machine gaming duty, putting 420 employees at risk. William

23 Apr 2014 11:40

UK MIDDAY BRIEFING: Associated British Foods Soars On Profit Boost

LONDON (Alliance News) - Associated British Foods said Wednesday profit for the first half of the year increased, driven primarily by sales at its low-cost fashion retail chain Primark, which more than offset a substantial hit to its sugar business.

The food, ingred

23 Apr 2014 10:41

UK WINNERS & LOSERS: Iofina Share Price Halved By Production Outlook

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.
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FTSE 100 - WINNERS
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Associated British Foods, up 8.9%. The food, ingredients and retail group r

23 Apr 2014 10:27

TOP NEWS: Primark Sales Sweeten ABF's Bitter Sugar Pill

LONDON (Alliance News) - The following is a summary of top news stories Wednesday.
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COMPANIES
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Associated British Foods PLC reported an increase in profit for the first half of the year, driven primarily by sales at its

23 Apr 2014 09:22

Iofina tanks as fracking hits profits

Shares in Iodine producer Iofina fell by more than half in early trading after it warned that production will be significantly below market expectations as it is temporarily supplied with less brine water due to nearby drilling. The primary operator in Oklahoma who supplies Iofina with brine has be

23 Apr 2014 09:04

Wednesday broker round-up UPDATE

AB Foods: Numis upgrades from sell to reduce with a target price of 2240p. AstraZeneca: Citi raises target price from 3500p to 4900p and upgrades to buy. Fenner: Investec cuts target price from 375p to 360p and reiterates its sell recommendation. Genus: N+1 Singer upgrades to hold with a target p

23 Apr 2014 07:09

Iofina Reduces Production Expectations On Fracking Plans

LONDON (Alliance News) - Iofina PLC said Wednesday it has reduced its production forecasts for the year to "materially below current market expectations" due to its principal operator's planned fracking schedule for the next three months. Iofina, which specialises in the exploration and pro

22 Apr 2014 12:09

UK MIDDAY BRIEFING: Drug Stocks Soar, Led By Glaxo And AstraZeneca

LONDON (Alliance News) - Pharmaceutical stocks are reigning over the first session following the long Easter bank holiday, with mergers and acquisitions leading investor interest.

GlaxoSmithKline has signed a three-part inter-conditional transaction with Swiss healt

22 Apr 2014 10:58

UK WINNERS & LOSERS: Pharmaceutical Companies Jump On M&A News

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.
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FTSE 100 - WINNERS
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AstraZeneca, up 7.1%. The pharmaceutical company has jumped after The Sunday

22 Apr 2014 10:46

Iofina water project on the rocks after Montana denies permit

Shares in iodine producer Iofina fell sharply as the group revealed a new water distribution project was on the rocks. The AIM-listed company had applied to the Montana Department of Natural Resources & Conservation (DNRC) for a water permit in order to start up a 200,000-barrels-per-day industria

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IN BRIEF: Iofina Says Performance Solid Despite Virus Disruption

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